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bbro

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  • Big Mortgage Trouble Looming for Banks [View article]
    You are so right....
    Mar 6 07:38 AM | Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: -36K vs. -75K expected, -26K in January (revised from -20K). Unemployment 9.7% vs. 9.8% expected, 9.7% prior. Avg. hourly earnings +$0.03 to $18.93. Overall workweek -0.2 hr. to 33.1.  [View news story]
    Chitty Chatty??? We hate data don't we?
    Mar 6 05:56 AM | Likes Like |Link to Comment
  • Three more banks fail (in Florida, Illinois and Maryland) to bring the 2010 total to 25, at a total estimated cost to the Deposit Insurance Fund of $208.5M. Update: Centennial Bank in Ogden, Utah, is No. 26; another $96.3M from the DIF.  [View news story]
    -3 is nothing....
    Mar 6 04:26 AM | Likes Like |Link to Comment
  • Three more banks fail (in Florida, Illinois and Maryland) to bring the 2010 total to 25, at a total estimated cost to the Deposit Insurance Fund of $208.5M. Update: Centennial Bank in Ogden, Utah, is No. 26; another $96.3M from the DIF.  [View news story]
    There are 6.839 banks......of this group there are 6,325 that are a billion
    in asset size or less.....


    .....this group holds 13% of the total loans in the United States and this group's exposure to Commercial Real Estate is 42% of their loans compared to the bigger banks (greater than $1 billion) exposure to CRE of 18%.

    So we will hearing about a lot of bank failures but the cumulative
    numbers are not going to be horrendous....bottom line we are overbanked.....
    Mar 6 04:26 AM | Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: -36K vs. -75K expected, -26K in January (revised from -20K). Unemployment 9.7% vs. 9.8% expected, 9.7% prior. Avg. hourly earnings +$0.03 to $18.93. Overall workweek -0.2 hr. to 33.1.  [View news story]
    I respectfully submit there is more to life than being in the "Top 100"...
    Mar 6 02:44 AM | Likes Like |Link to Comment
  • Will Banks Be Able to Recover From Their Bad Debts? [View article]
    They are not out of the woods nor are they insolvent.....
    Mar 5 03:43 PM | Likes Like |Link to Comment
  • Will Banks Be Able to Recover From Their Bad Debts? [View article]
    Could you tell which indicia show they are underwater???
    Mar 5 03:42 PM | Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: -36K vs. -75K expected, -26K in January (revised from -20K). Unemployment 9.7% vs. 9.8% expected, 9.7% prior. Avg. hourly earnings +$0.03 to $18.93. Overall workweek -0.2 hr. to 33.1.  [View news story]
    Excellent!!!...Love it.....I am a Beck fan...Jeff Beck....
    Mar 5 12:57 PM | Likes Like |Link to Comment
  • Will Banks Be Able to Recover From Their Bad Debts? [View article]
    LTV is the key metric.....
    Mar 5 12:26 PM | 1 Like Like |Link to Comment
  • Will Banks Be Able to Recover From Their Bad Debts? [View article]
    I understand ...but the use of the word insolvency seems strong when
    we have had so many writedowns...the demise of so many firms the losses had to mark down a lot of these loans...the borrower may be
    underwater but the lender not.....
    Mar 5 12:22 PM | Likes Like |Link to Comment
  • Will Banks Be Able to Recover From Their Bad Debts? [View article]
    Bank of America marked down Countrywide loans,JP Morgan marked
    down Wasington Mutual Loans,Wells Fargo marked down Wachovia Loans...the list goes on and on....not even talking about the markdown on securities writedowns
    Mar 5 11:56 AM | Likes Like |Link to Comment
  • Will Banks Be Able to Recover From Their Bad Debts? [View article]
    First I question that collateral losses are greater than tangible common equity now...but assume you are correct after you post the
    mark to market what do you do with subsequent payments on the loans and what do you do when the collateral appreciates.....seems
    you could have these wide swings of P/L or at least wider than normal.
    Mar 5 11:52 AM | Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: -36K vs. -75K expected, -26K in January (revised from -20K). Unemployment 9.7% vs. 9.8% expected, 9.7% prior. Avg. hourly earnings +$0.03 to $18.93. Overall workweek -0.2 hr. to 33.1.  [View news story]
    How do you know how I trade??? what I think about the economy can
    be very different how I trade....
    Mar 5 11:36 AM | Likes Like |Link to Comment
  • Will Banks Be Able to Recover From Their Bad Debts? [View article]
    Again... is marking the loans to market do you mean down to collateral
    value or estimated value of cash flows???
    Mar 5 10:12 AM | Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: -36K vs. -75K expected, -26K in January (revised from -20K). Unemployment 9.7% vs. 9.8% expected, 9.7% prior. Avg. hourly earnings +$0.03 to $18.93. Overall workweek -0.2 hr. to 33.1.  [View news story]
    you unhappy U6 peaked???
    Mar 5 09:42 AM | Likes Like |Link to Comment
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