Chancer

'Too Big to Exist' Bill Would Impose Market Discipline

Break up the banks that are "too big to fail."

Simple common sense.

B of A can be broken up into 4 to 5 regional bank; etc., etc.

They did it with the phone company.

This saves us from another incompetent, expensive government regulatory bureaucracy to control too big to fail, which then becomes too incompetent to regulate.

Thoughts on Executive Pay Restrictions

For me, it depends on the government's motivation for doing this.

If it was done to punish or for revenge, or for political reasons to make Obama look good, I am opposed. I have heard some knowledgeable pundits say this was for public relations.

If it was done to protect the financial health of the organization or taxpayer investment (loans), I would not be opposed. Banks do this all the time on business loans, especially for companies in "workout."

My personal opinion is that it was pure politics.

Too Big to Fail Banks: Greenspan Says 'Break 'Em Up'. What Are the Chances?

I don't usually agree with Greenspan. But this time he is right.

Why create more government bureaucracy to regulate "too big to fail"? Due to regulator incompetence, those regulators will most likely also fail. Inspector General's report just blamed Geitner for being asleep (his staff knew) re. AIG bonuses while governor of NY Fed. He is supposed to be: Obama's "best and brightest."

Consumers have not benefited from bank mergers, which were really done to generate huge fees for investment bankers and huge bonuses for bank executives. They also caused more job losses.

Remember, they broke up the phone company. We should break up all "too big to fail" financial institutions into "NOT too big to fail."

Misplaced Fiduciary Duty: Why BofA's Lewis Failed

I think Lewis may be getting a bum wrap.

I get the impression that he did not have choices.

He did what the government told him to do.

The reason was that there were (at least) implied threats.

I really do not see how you can second guess (Monday morning quarterback) his choices without all the information.

The exact and complete truth of what went on between Lewis, Paulson, and Bernanke may never been known. The witness testimony and interpretation appears to differ.

Too Big to Fail - Everyone but Washington Knows What Needs to be Done

Why is this so hard?

The simplest and most logical solution is to reduce the size so that no institution is "too big to fail."

Do not allow them to become the big. For those "too big" already, bust them into smaller pieces; like they did with AT&T.

B of A (etc.) can be broken into 4 regional banks: Northeast, Southern, Midwest, and West.

Five Reasons the Market Could Crash This Fall

But where is the SEC in investigating that corruption? Hiding under their bed.

The SEC was the greatest failure under "paper pusher" Chris Cox.

Under Cox, we had: no regulation of naked shorts, mark to market, elimination of uptick rule, no investigation of Bernie Madoff and numerous other crooks.

And now Cox works for a Newport Beach law firm. He is not qualified to prepare a dog license application.



On Aug 04 02:48 PM SeekingTruth wrote:

> Whether the market crashes in the Fall or not, the established modus
> operandi of the markets will still be in place, and as such, it shall
> remain "The Big Casino in the Sky".
> There is and always has been far too much corruption in the markets.
> That is why there are millions of dollars of fines being paid every
> day with no admission of innocence or denial, in itself another form
> of corruption supported by the "system".
> As long as we have State supported and protected Corporate corruption,
> the markets shall remain far more treacherous to the small investor
> than they truly should be, and to an increasing degree, unacceptably
> so.
> So step up ,place your chips and spin the Big Wheel as you wish,
> you just might hit it lucky.

BofA, Wells Fargo, Citi: Preferred Stock Analysis

Bill Gross recommended these preferred's in his appearance on Wealthtrack. Gross has the expertise (and staff) to analyze these, but risks are greater for individual investors.

I do not think there is anything at all good about Citibank- unless you have an FDIC insured deposit there.

If I invested in these, I would pick WFC.

What Happens After Banks Repay TARP Loans?

What will Obummer do with the repaid funds?

Spend it on his national health care plan?

Split it with Geitner and run to some offshore location where there is no extradition?

The AIG Bailout: Why Was the Onus Placed on Taxpayers?

Micajah:

You get it.

The entire country has gone mad about the taxpayer bailout of AIG. Except that is all wrong. The AIG bailout came from the Federal Reserve from "funny" money that Bernanke/Federal Reserve creates (out of thin arir) by computer entry (as Bernanke said on "60 Minutes") in banks where Fed has accounts.

AIG bailout is not in the budget, deficit, nor a taxpayer debt. If AIG fails to pay back the Fed, it would seem that the money just goes up in smoke like a restriction of the money supply. Too bad they did not do all the bailouts with Fed funny money. That would be better for the taxpayers.

Ken Lewis's Call Option on Countrywide

I also think BAC has a good idea what's in the books. They had a good look when they put in first $2B. Mozila gets his "golden parachute" and bailed out of potential BK; so he has every incentive to be 100% candid, assuming he knows all (sometimes I wonder if he does).