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    Democrats Look to Extend Federal Support to Muni-Bond Market This Week

    Democrats Look to Extend Federal Support to Muni-Bond Market 0 Comments Add Comment ShareThis | Respond to Editor | Print Rich Edson FOXBusiness The municipal bond market is in trouble, and Congress wants to grant it a federal guarantee. Investors are concerned about...
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    Fifth Third likely to convert preferred shares

    Fifth Third likely to convert preferred shares Business Courier of Cincinnati - by Steve Watkins Staff Reporter Tuesday, May 12, 2009, 11:37am EDT As other banks launch public stock offerings to raise capital, don’t hold your breath for a similar Fifth Third Bancorp offering...
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    The Credit Crisis Financial Stocks Short Journal

    haha Dick Bove upgrade GS MS at top. Classic.
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    The Credit Crisis Financial Stocks Short Journal

    Q2 especially because alot of banks haven't played the "m2m rule changes " card yet. I don't know these stocks are yup HUGE. fitb is up 800% since yr low. Now MBI beats and stock breaks out. It all looks like fiction to me but the market seems to buy it at face value. Frankly I think...
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    I Would Not Own Banks Stocks: Meredith Whitney

    Whitney is bang on with her calls. She speaks like a trader. Very refreshing.
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    I Would Not Own Banks Stocks: Meredith Whitney

    I Would Not Own Banks Stocks: Meredith Whitney By: CNBC | 11 May 2009 | 04:14 PM ET Banks are overvalued and the government enabled them to have better first quarter earnings than they should, well-known analyst Meredith Whitney told CNBC. Meredith Whitney "At a core basis, I would...
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    The Credit Crisis Financial Stocks Short Journal

    Meredith Whitney makes negative comments on CNBC; says 2010, 2011 earnings are going to be "so far below consensus" for the banks
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    Banks Won Concessions on Tests - 50+ BIllion Worth

    Banks Won Concessions on Tests Fed Cut Billions Off Some Initial Capital-Shortfall Estimates; Tempers Flare at Wells http://online.wsj.com/article/SB124182311010302297.html#mod=testMod
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    Windows 7 for FREE as of May 5th

    how does IB TWS work on W7?
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    Accounting tricks boost bank profits

    Accounting tricks boost bank profits Investors sold on bank turnaround, even if accounting tricks fuel good news Rachel Beck, AP Business Writer On Saturday May 9, 2009, 5:14 am EDT NEW YORK (AP) -- There's nothing like a little magical math to make banks' financial woes go away...
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    The Credit Crisis Financial Stocks Short Journal

    Well I shorted some FITB today. Maybe other banks monday. Must be time for Meredith Witney to take them down soon.
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    BofA Plans To Sell 1.25B Cmn Shares At $8.79 Each

    8.79?? gotta link?
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    BAC To sell 1.25 Billion shares

    The funny part is the reason BAC ramped from 10 to 15 was that CNBC reported Wed. am that BAC would not have to raise capital via common stock offering, rather that they could simply convert preferreds to satisfy the government stress test for TCE. And now the stock is up afterhours on news...
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    BAC To sell 1.25 Billion shares

    (MarketWatch) -- Bank of America (BAC:13.51, +0.82, +6.5%) Chief Financial Officer Joe Price said late Thursday that the company will sell 1.25 billion new common shares as the lender tries to raise capital to meet requirements from the government's stress test. Price said the stock will be...
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    BAC To sell 1.25 Billion shares

    BofA said on Thursday that it hoped to meet the government’s November 9 deadline for obtaining the capital through other measures – including raising $17bn (£11bn) through the sale of new equity and the conversion of preferred stock held by institutional investors into common equity.
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    The Credit Crisis Financial Stocks Short Journal

    next on tap: Geithner said the PPIP should be “up and running in the next four to six weeks.” Geithner said expects some banks will repay TARP. Geithner expects banks will have no problem raising capital.
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    The Credit Crisis Financial Stocks Short Journal

    :D I'm sure a blow off top is near. Maybe friday on payroll #'s.
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    Abk

    ABK MBI rockets today. Don't see news though. Earnings next mon/tues. hard to know how mark to market has effected these guys.
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    The Credit Crisis Financial Stocks Short Journal

    Buffett said no signs or rebound in housing or retail. That research enough for me. Of course the market will do whatever it wants. In 1929 it bounced 48% before resuming its decline. in 2009 the bounce is 36%
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    U.S. to tell 'about 10' banks to hike capital: WSJ

    More Banks Will Need Capital Stress Tests Identify About Ten; Wells, BofA, Citigroup Face Order to Refill Coffers By DAMIAN PALETTA and DEBORAH SOLOMON WASHINGTON -- The U.S. is expected to direct about 10 of the 19 banks undergoing government stress tests to boost their capital...
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