ReverendSlappy

Banks Are Damned if They Lend, Damned if They Don't

I, myself, think Financials are going to be the most soild long term investment play there is going forward after all the crap is worked out of there books. They aren't going to lend anymore to any loser who could say he makes $250k a year and wants a $1 million house. They, as Kid puts its, also likely know that things just aren't going to be the way they were anymore. Once they right the ship, USB, WFC and the like are going to be where you want to be.

When are people going to learn that the way we've lived the past 10-15 years hasn't been real? It's been on credit...it's been on assumed wealth...it's been on utter BS. We don't make anything of value anymore in this country anymore, and the American consumer is no longer going to be the engine of the world economy (since, for the last decade, the engine has been running on a mixed fuel of debt and credit. THAT'S ALL GONE!!!)

There's going to be more poor people in this country....PERIOD. The middle class on up to the rich just aren't going to live as well as they once did....PERIOD. It's been fake for years, it just finally came to realization.

Weekly Market Notes: Don't Fight the Fed

"Is it possible that Buffett’s endorsement of recent government bailouts and his “buy America” pronouncement were procured in exchange for continued government support of his investment positions?"

I suppose....

Is it also possible that he's Warren F*cking Buffet and became the "Oracle of Omaha" because he understands how to buy and hold quality companies that will maintain their business advantage despite any trying times that are faced by our economy?

More likely.....

The Buffet hating on this website is ridiculous. You're all almost as bad as Kass. Admit you all wish to Christ you had 1/100 the insight and rationale that Buffet has and we'll all be better off.

Nine U.S. Bank Stocks for Right Now

Banks that are picking up these little FDIC failures for pennies on the dollar will end up having the shear size, at discount cost, to move forward in the market. So far, USB leads the way...

Top 25 U.S. Regional Bank Stocks

You know, overdraft fees are what they are, but let's not forget the best way to avoid them (and a little "advice" for Peter Means):

DON'T OVERDRAW YOUR ACCOUNT AND SPEND MONEY YOU DON'T HAVE!!!

Listen, I'm against ridiculous fees as much as the next guy. But I'm FOR personal accountability, and when Peter Means got a debit card to help him spend more carfeully, yet still overdrew his account, that's his own fault.

I mean, seriously, these fees DO NOT OCCUR if you exercise prudence. Jeez people....

Otiose Trustee of the Day: US Bancorp

Agreed. In fact, despite this article and the ZERO proof of his claim that USB is involved, I'd go so far as to say that USB is likely going to be the standard going forward. I don't like not having the dividend right now as much as the next guy. But it will be back and, thanks to their prudence, will likely be bigger and better than ever.

It's only a mattter of time, but the cream always rises.


On Sep 11 03:27 PM greedcanbgood wrote:

> Nym - you obviously don't have a clue. USB never needed to be "propped
> up", never wanted to be so and was forced by the administration to
> accept the TARP funds. I might also pointed out that they were among
> the first of the larger financial institutions to return to funs
> and continue to perform VERY well despite current conditions.

Otiose Trustee of the Day: US Bancorp

And the point of this article is......?

Wall Street Breakfast: Must-Know News

WHy does this lady have so many followers, she just cuts and pastes?

How Tactical Asset Allocation Will Transform Wealth Management

I can see how this strategy will work.....FOR YOU!

Worthless.

Earnings Preview: U.S. Bancorp

I would say that the fact they reported a profit that beat estimates while simultaneously paying back the TARP and purchasing the warants pretty much shows how strong this bank is. I have been, and always will be, in this stock for the long haul. Can't wait for the divy....it's only a matter of time.

U.S. Bancorp: 'Best Bank in U.S.'?

Darn right it is. Granted, it has it's exposure to CRE and other mortgage/loan related problems, but look at it this way.....if things deteriorate to the point where a bank like USB is in trouble, what do you think banks like C and BAC will be like? The fact that USB has managed to make a profit despite being FORCED into the TARP, paying it off, buying back the warrants, as well as the overall economical disaster is a testament to its razor-sharp management, stringent underwriting based on reality rather than short term profit and its diversified business model.

If you ask me, I think USB is going to be the standard going forward. Once things turn around and they reinstate the dividend, I expect this thing to soar. Least I hope so, anyway.

How Treasury Favors Banks over Taxpayers in Warrant Negotiations

Since when does simply commenting in favor of strong banks have anything to do with options and warrants? I wasn't trying to discount what Mr. Wilson said, I was just saying how unfair it is that certain banks had to deal with this.

I actually believe you have more of an axe to grind than anybody.


On Jul 02 01:06 AM John Olagues wrote:

> I believe that Linus is correct in general. But I believe he is too
> kind to those criminal bankers on welfare. My general observation
> is that their theft is far greater than he estimates.
>
> Its really sad that the commentators (except "no money mo"...) are
> so ignorant of how options and warrants work and have the nerve to
> be critical of someone that is trying to shed some light on the subject.
>
>
> I actually believe no one can be as stupid as the top six commentators
> and that leaves only one answer to why they spew such drivel. They
> are shills for criminals.
>
> I am certain that none of the first six commentators have the ability
> to understand, analyze or value a warrant or a stock option.
>
> john Olagues

Can a Market Crash Save Us from Hyperinflation?

What good is getting the average price of a house back to $203,000 if it costs you $1000 to fill the fridge?

It's a CRIME what the Baby Boomers have done to the standard of living for future generations. If you did these same things to, say, a puppy, you'd be in jail. You old people just need to DIE!

How Treasury Favors Banks over Taxpayers in Warrant Negotiations

I think this is right for these banks. These banks that paid the TARP are arguably the ones who didn't need the money in the first place, and the TARP has been nothing but a penalty to banks like USB that did not get involved in all this crap. It costs these banks, and their respective shareholders, MAJOR amounts of money being under this TARP. I understand the psyche behind the TARP, and I'll even go so far as to say that it was probably the right move. Unfortunately, one bad apple can spoil the bunch. But, realizing in hindsight that some banks were unfairly penalized, I think the Treasury erring on the side of these strong banks is the right thing to do.