Financial Cents

The Amazing Growing Mortgage Relief Plan

What a joke! So the taxpayers need to help people who couldn't afford their home in the first place?? WTF.

Obama's Housing Plan: Elegant and Costly

What a joke! So the taxpayers need to help people who couldn't afford their home in the first place?? WTF.

Nortel Stock Continues To Sink; Is it Time To Go Private?

Buy the Metro Ethernet Network business for $800M and get the rest of Nortel for free!

Time To Bail Out WaMu?

You guys got it all wrong. WaMu is "well-capitalized..."

Why Does FDIC Need Help from Treasury?

I absolutely agree that this credit crisis is not close to being over. Things will not improve until the housing market bottoms which I believe will occur some time in 2011! The number of banks that will fail between now and then will make the S&L crisis look like a cake walk. We will soon hear about an FDIC bailout itself! It's simply not possible to bail out so many banks to come without printing more money or borrow from the Treasury. This country is spiraling down slowly but surely and we are going to take down the whole world with us. It's sad and I think we'll live to see another Great Depression.

WaMu: Why Core Deposits Matter

I'm very surprised that WaMu and other bigger banks haven't failed yet! With a D+ rating and a $4 stock, how long can this bank operate before its demise?

Another Leg Down for Financials Is Coming

I absolutely agree with buyitcheap. WaMu is probably already insolvent and need capital desperately to continue its banking operation. Why else would they offer a significantly higher interest rate than all the other banks? This is exactly the same stunt Countrywide pulled when they were spiraling down. Beware.

Priceline and Visa: Two Stocks To Buy Now

I'd have to disagree with your analysis with Visa. 62% of Visa's business is in the U.S. With more banks failing each week, it's just a matter of time that new credit cards will be difficult to obtain and limits will be drastically reduced for cardholders. This reduced credit consumption will mean less transactions for Visa which will not bode well for the stock. We are only in the early innings of this credit crisis. I can't imagine how Visa can do well in this kind of deflationary environment going forward.

Visa: Positioned for Strong International Growth

I have to disagree. 62% of Visa's business is in the U.S. With more banks failing each week, it's just a matter of time that new credit cards will be difficult to obtain and limits will be drastically reduced for cardholders. This reduced credit consumption will mean less transactions for Visa which will not bode well for the stock. I don't see much upside for the near term.

Five Stocks to Own Now that the Dow Has Bottomed

Yes, please buy now so the author can get out of his positions!!

Wells Fargo Lays Bear Trap on Wall Street

I believe most banks are insolvent or at least close to it. You want to buy banks now? Go for it. I need a good entry point for a short position. If it wasn't for all the accounting manipulation, fraud, and government intervention, most bank stocks would be in single digits or zero by now. DOW 7000 anyone?

Calling Today A Short-Term Bottom for Financials

Short term bottom as in one or two days? Yes. But longer term, more and more banks will fail and I believe that most financial stocks will continue to go towards 0. This is not the time to buy any stocks, folks.

Bank Index [BKX]: Near-Term Bottom in the Financials?

All banks are "well-capitalized." It's time to buy folks! ;)

IndyMac Failure - Test of FDIC Insurance

Yes, there is no doubt that FDIC could run out of funding as more and more banks fail. So what happens then? Print more money. The U.S. dollar will be worthless in a few years.

A Look at Bank Failures; Backstop With FDIC

I do expect more banks to fail. This is a given as the government simply cannot bail every bank out. But with more and more banks collapsing, FDIC may not have enough funds to cover all the insured accounts. What if the FDIC fails? Oh my.