Unbelievable the Dow is up today.
No one noticed the Philly Fed Activity Index?
It plunged from 43.4 March, to 18.5 April to 3.9 today.
Did the bankers change jobs with the hookers on wallstreet? Would be plausible considering the Dow is up today.
I won't be surprised if the bright macro data presented today will be the end of the current "crises", end of easing and start of the silver selloff...
I expect major reversals in silver after FED adresses the item mentioned above in the following weeks.
Fannie almost pink sheet... Well, well, well... never been that close to bankruptcy... That will be about 100 times Lehmann brother damage...
Ooops. Who has got the nuclear detonator?
Hello ladies and gentlemen,
It looks like the mouse was not the only one staying in the ATM as you can see in the newspapers and on the web, but there are also many rats in the FDIC fund balance. According to my calculation the hole by now is 36 billion.
End Q4 2008 the FDIC fund balance...
Citigroup posted 30 billion $ revenues including special item of 12 billion and the numbers where including those items up from the previous year????
No discontinuing items in 2008 and yahoo finance says:
http://finance.yahoo.com/q/is?s=C
Revenues 30.582 billion for Q2 2008...
My fraud...
Thanks for returning on topic!
It's also amazing that some of them, including Obama are talking about returning to the free market all of the time, while they increase government interference.
It's about time for Impeachment...
Obama is hiding the inevitable bankruptcy of the FDIC by bringing their business to the new regulator: The Fed...
By now The Regulator and the Bank of Last Resort are in 1 hand...
Their your money goes... Stupid Americans...
Start Impeachment before...
I read the whole article. But everybody wants to repay TARP to access the higher bonuses. And Citigroup still wants to cut them. Strange.
I was right on the GM default months and months ago.
I will be right on the default of the old American Banks: C, BAC and BK.
Those old American Banks...
Looks like shortsellers in GM moved to C today. They even don't pay the tiny million dollar sums to the executives. Looks like extremely cash shortages. Prepare for bankruptcy within weeks.
Be careful also with regard to Interactive Brokers. Looks like it's gonna bust simultaneously with the...
So what's going to happen when the last 18 billion dollars disappear in a few more failing banks?
Writedowns up to 24% on creditcards @ WaMu (JPM). I think they don't like the high consumerconfidence. It's more like creditcardconfidence. The more you can spend, the more the bank are punished...
Let me rephrase: If everything is being bailed out by the gov nobody is going to pay the premia for the risk of default. This causes defaults on monoliners/bond insurers (the gov. is taking their business).
So in the future bondinsurers will leave the market and the only default insurer is...
Finally the US gov. has proven to bailout every sucker. Even GM and Ford... Well... what future business will there be for bondinsurers if everything is being solved by government intervention.
What's the solution for this story? Will the gov. finance an out of business bond insurer with...
Hello guys, we passed the point of no return. We entered the next era of fascism or communism. After the banks the government need to support the overinvested oil companies. There are many of them loosing lots of money with the collapsing oil prices.
After the high oil price shakeout of...
Can good old derivative JP Morgan survive if it's nearly the only one left at the street (in case of default: Bank of America, Goldman, Merrill, Bear, Lehman).
What about couterparty risk?
Or: JP Morgan = the Market.