phdinsuntanning

14 Bank and I-Bank Write-Downs

Ryan

is better you think again about LEH, jus look at this:
US March 31
March 31 2008 Fiscal Year 2007: Capital/Assets
US
US Broker Bear Stearns 3,0%
US Broker Morgan Stanley 3,0%
US Broker Merril Lynch 3,1%
US Broker Lehman 3,3%
US Broker Goldman Sachs 4,5%
US Bank Citigroup 5,2%
US Bank JP Morgan 7,9%
US Bank Wells Fargo 8,3%
US Bank Bank of America 8,6%
US Bank Wachovia 10,2%

Financials: The Capital Infusion League Table

here you have the Fed Visitors on Your Desk League
and also the ECB Visitors on Your Desk League too, enjoy:

March 31
Fiscal Year 2007: Capital/Assets
US
Bear Stearns 3,0%
Morgan Stanley 3,0%
Merril Lynch 3,1%
Lehman 3,3%
Goldman Sachs 4,5%
Citigroup 5,2%
JP Morgan 7,9%
Wells Fargo 8,3%
Bank of America 8,6%
Wachovia 10,2%

Capital/Assets
Europe
UBS 1,9%
Barclays 2,6%
Commerzbank 2,6%
BNP Paribas 3,5%
Credit Suisse 4,4%
Royal B Scotland 4,8%
BBVA 5,6%
HSBC 5,8%
Santander 6,3%

The 'Plunge Protection Team' Working Overtime: A Play-By-Play

business as usual, Hong Kong government did the same in the asia crisis of 1998 and HK was the only south east asian economy undamaged by the collapse of currencies, well, malaysia closed the capital account and succeeded too, what do you prefer? when blind speculation is in command governments must act, at least in the short term...take the other extreme and you have Chile in 1982, no gov intervention in the market, GDP fell 14%, main banks broke, currency 300% down and central bank still in red 25 years later...good job Gary