Comments on: New Day, New Bank, Worse Story

By: Things that will happen once the recovery is complete « Stocks Go Up. Stocks Go Down.

Thu, 23 Apr 2009 16:59:45 +0000

[...] problems and hope an economic recovery brings them back to sustained profits (on this, the latest news is not so positive). And to encourage a recovery, the White House is seriously contemplating further huge fiscal [...]

By: Irreversible Damage: Why Little Action on Banking Can Do Great Harm - Economix Blog - NYTimes.com

Thu, 23 Apr 2009 10:51:16 +0000

[...] banks’ problems and hope an economic recovery brings them back to sustained profits (on this, the latest news is not so positive). And to encourage a recovery, the White House is seriously contemplating further huge fiscal [...]

By: dakinikat

dakinikat — Mon, 20 Apr 2009 15:30:01 +0000

Hey, smoke enough green shoots and you too can see glimmers of hope

By: dingo ate my baby

dingo ate my baby — Mon, 20 Apr 2009 04:34:26 +0000

The thin smoke is clearing. The primordial ooze is thickening – Paul Krugman’s Erin go Brough piece today was a warning shot over the bow. He’s not screaming (Larry – the idiot- Kudlow), he’s not ranting (Jim -the clown- Cramer),…. Paul is telling them, one more time, that they are running out of time. You can sink below the baseline, and he knows that is exactly where we are headed.

Paul says – Don’t look now but that light you thought you saw at the end of the tunnel is not sunlight, it is a headlight, there is no time to turn around and run back out the way you came in. Best to just bend over and kiss your arse goodbye.

By: James Twiner

James Twiner — Mon, 20 Apr 2009 02:24:52 +0000

how dare you say a thing like that James? Didn’t you get the memo Geithner sent about CLAPPING LOUDER????

CLAP DAMN YOU!!!

CLAP OR DEBT-FINANCED CAPITALISM IS DEAD!!!!!!!!!!!

By: adios amigos

adios amigos — Mon, 20 Apr 2009 01:34:35 +0000

I guess the really alarming thing, is that the government and bankers actually think we are all this nonsense. The fact that THEY think we are believing this is alarming. If they think we are this foolish, we may REALLY be in trouble, deep trouble.

By: adios amogos

adios amogos — Mon, 20 Apr 2009 01:28:09 +0000

And as we all know, when you don’t know who the “sucker” is at the poker table is….it’s you.

By: btraven

btraven — Mon, 20 Apr 2009 00:51:33 +0000

Well said.

This whole banking situation is no longer a moral hazard – it is just amoral.

By: Charles R. Williams

Charles R. Williams — Sun, 19 Apr 2009 23:44:30 +0000

“Why is everyone so optimistic about banks these days?”

Why should anyone care other than the investors? Oh, I forgot. The Paulson-Geithner team have mortgaged our children’s future to invest in insolvent banks.

By: Eugene Lee

Eugene Lee — Sun, 19 Apr 2009 22:48:04 +0000

Can someone PLEASE, PLEASE put Citigroup out of its misery? The fact that Citi needs additional government help and needs to be nationalized is the worst kept secret in finance. Think of it this way: name another bank/financial institution that REQUIRED (at it’s own request) government backing? BofA could argue that it was forced to complete its marriage with Merrill which caused it to request additional funding. But Fannie Mae, Freddie Mac, AIG, Bear Stearns, Lehman are all wards of the state (or dead). Wamu, Wachovia were seized and sold to rivals.

Am I missing something here? Is there another bank (other than BofA) that has voluntarily taken TARP money and is not bankrupt or majority owned by the US Government?

By: marc sobel

marc sobel — Sun, 19 Apr 2009 21:55:12 +0000

What amazes me is that after all the sturm and drang over the last year that we are allowing these major banks to publish obviously cooked earnings reports.

Are they all in competition for the Financial Booker Award ?

Actually, I think big bonuses are in order for the accountants who came up with these reports. They remind me of the Southern lawyer who was so good he could get a charge of buggery reduced to following too close.

By: Manshu

Manshu — Sun, 19 Apr 2009 20:10:23 +0000

LOL, that seems to sum it up perfectly!

By: e-veblen

e-veblen — Sun, 19 Apr 2009 19:44:24 +0000

Whew–what a relief.

“Why is everyone so optimistic about banks these days?”

Cuz we’re hoping for the best. That’s the plan.

By: Blankfiend

Blankfiend — Sun, 19 Apr 2009 19:40:38 +0000

The key to this entire crisis is the difference between unrealized losses and denied losses.

Unrealized losses are the temporary kind you get when your stock retraces before pushing higher in a bull market.

Denied losses are the kind you get when you buy at the pinnacle of an asset bubble and HOPE for things to get better.

The sooner we come out of denial and REALIZE THAT WE HAVE REALIZED LOSSES, the sooner we can get back on our feet and live to fight another day.

By: Carson Gross

Carson Gross — Sun, 19 Apr 2009 19:18:18 +0000

Why is everyone so optimistic about banks these days?

Two words: “pump” and “dump”.

Here’s the problem: I’ve been sitting at this poker table for over an hour, and I’m still having trouble figuring out who the mark is…

Cheers,
Carson