thannagan

Analyzing the U.S.'s Four Largest Banks

I think you show the same $$ charts for Total Loans and Equity. Probablly not the case.

Analyzing the U.S.'s Four Largest Banks

Unless I'm looking at the numbers incorrectly, the Total Capital chart seems wrong if TC is Equity plus LTD. I can't tell what this means for the ROIC ratio shown. ??

Was Paulson Right?

Paulson acted. The rest of the government, including the Fed was little more than a deer in the headlights. He did more than anyone else to avoid complete collapse. Was it perfect in hindsight? Of course not. Did it work better than any alternative that anyone else thought of at the time? Defintely. Sorry, but he stands out the hero of that time.

Latest Bank Leverage Stats - Some Still High

From a shareholder safety perspective, I would include the preferred funding to get the tangible equity/tangible assets ratio. The preferred funding, unlike debt, is as reliable a source of funds as the common. This changes the gearing or leverage picture substantially for some on the list.

Government Risk Rises: Credit Markets Face Structural Collapse

R - sorry - try this url:

www.decisionanalyticsb...

Tom

Government Risk Rises: Credit Markets Face Structural Collapse

Rakesh - Thanks for the insights. I like your contantly referring to the risk-adjusted rates as the best reflection of likely (real world) returns on various instruments - and therefore their relative actual value. I think the systemic implications (cascading market imbalances) are largely related to the lack of sufficient risk-based pricing, and net asset values.

I discuss some of these issues realted to bank lending in my blog: decisionanalyticsblog....

Please continue to publish.

The Case for Financial Stocks

Eric - Forget assets. Can you do the same math with current Equity and a long-term average ROE? What does that give us for target market cap at a 13 P/E versus the $204B?

The Case for Financial Stocks

Eric - Good insight. The numbers and math look factual. I feel though that there are two banking industry worlds now, even more so than in past decades - the handfull of very big boys with their very big problems and the other 8000 banks that are not so encumbered. These two worlds get masked somewhat in the industry stats.

Friday Options Update: C, GM, F, GE, CHK, AEM

Joey - Good stuff. What about labor costs? How about a Federal bailout appraoch that is a 50/50 match to whatever GM and Ford can get in the open market and on the same exact terms?

Financial Landscape: Writedowns, Losses and Capital Raised

It's also interesting that RBS and Barclays have riased substantially more new capital than the amount of assets they have written down. Does this mean they were just greatly under-capitalized before, or that there's a lot more write-offs on the way.

Is the U.S. Banking System Safe?

Good - thought provoking.

Okay, so, do the hedge funds stay the (recently losing) course, or what? I don't know if they are known for either patience, or individuality. Where do they take their $$$, greed and leverage?

I vote much more for incompetence and group behavior than fraud and lying on the part of bank/regulator/account... "leaders".

Rogue Traders and Economic Capital

Chris - I need to read this again - on paper. I print the ones worth studying. Thanks

Bear Gets Bullish on Bank Stocks

Reinko is making a lot of assumptions based on 2 data points.

Here's Why Trouble Is Brewing

That FII of $20B is real money - the $576B was just paper (that some used to think of as a monetary asset). No real liquidity (defined as cash and cash-equivalents) was lost in those write-downs.

Why Citi's 11% Coupon Doesn't Mean It's Paying Junk Rates

Good coverage. None of the talking heads have gone into this aspect - not surprising, but still frustrating that they miss the point. Even junk bonds are supposed to eventually repay the principlal. There is no promised to ever repay any of the $7.5B to ADIA.