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If they are heavily invested in Eastern Europe, then they may truly be desperate. Remember that they were one of the Euro banks to have subprime exposure, so they were "balls to the wall" as Euro banks come and go...

Sorry - that's what I meant! No, I'm not dyslexic, although I wish I was: I'd probably be a heck of a lot smarter!

Let me ask this question: did you have any idea which of the original 13 regional banks failed? Probably not. In fact, I would guess that almost no one of Wall Street did and that's because the banks can legally hide their assets, which I think is absurd. That's a throw back to the 30's if...

I would be very cautious. No one knows how nationalization will go or what it will mean: http://money.cnn.com/2009/02/20/news/nationalization.what.is.it.fortune/index.htm?postversion=2009022017

Strong banks stand to gain tremendously. But you have to be very careful: there is a new wave of regional bank failures that has just begun. The predictions are that it will be nothing like the S&L crisis, yet it will be sizeable and dangerous for non-insiders...

USB is in serious trouble: they and other Swiss, Italian and German banks lent 1.7 trillion to Eastern Europe and this is the next crisis to hit the globe. This is probably why USB capitulated in banking secrecy to US authories - they have a gun pointed to their head...

This is fascinating. The UBS did release its list as you probably know: http://www.usatoday.com/money/industries/banking/2009-02-22-swiss-senate-hearing_N.htm What I find so interesting is that our country is obviously in deep doo doo, technically speaking of course, and yet the Swiss are...

No way! Testosterone is good for you (and your prostate)! Actually, having low testosterone is what will kill you: http://www.peaktestosterone.com/Symptoms.htm

I know that's been a big issue for me.

I knew it! We're a testosterone-driven crowd if there ever was one. Did you know that most successful traders have the signs of extra testosterone from the womb? http://www.canada.com/Health/Successful+traders+testosterone+fuelled+Researcher/1169540/story.html Yes, it takes gonads to do...

Anybody interested in this topic will probably want to read Bigpicture's links to some good links on Credit Default Swaps as well, which has lots of interesting stats on the banking system: http://www.ritholtz.com/blog/...

By the way, some are arguing that domestic demand will actually see the Chinese through: http://www.marketwatch.com/news/story/four-reasons-china-should-high/story.aspx?guid=%7B6EB9C81E%2DC86D%2D4C76%2D8A4E%2D393E714322C4%7D But I think that's too optimistic myself. Regardless, there are...

Yeah, it was kind of fun watching someone else get a good verbal a$$ kicking...

China is a great long term buy, but you may want to wait a few months and see how this shakes out: http://www.marketwatch.com/news/story/Chinas-currency-falls-record-against/story.aspx?guid=%7B6A165211%2DA7D1%2D4758%2DAFC0%2DB5EE46ACABCB%7D "We expect the Chinese economy to slow further...

Actually, there's an alternative plan: let the financials stay private and put the taxpayer behind the dollars. Let them and their children's children pay for generations...

You mean the mortgage market?

Here's a related link: http://www.marketoracle.co.uk/Article7125.html

I really don't think any of these is the root. Here's some food for thought: http://www.clusterstock.com/2008/10/what-does-deleveraging-mean-cutting-25-trillion-of-debt One "root" is simply the massive, 1920's-esque debt levels that we've accrued with no signs of stopping...

Yes!!!

That WorldNetDaily article is ridiculous imo. The Fed works for the banks and the last things the banks wants is a deep recession and depression. Just look at the big banks charts: they generally make money year in, year out EXCEPT when there are disasters. Nor does the government want a...