Major Bank to Collapse in a few days

Quote from ARD45:

Whether or not this is actually true, I'm still shocked that C has made it this far.
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If we were capitalists C would have been dead 12-18 months ago.

After the low interest rates, the $50B loan from the gov't, the lifting of mark to market, and all the Fed loan programs the sham stress tests they still needed another $10B. Rest assured they'll be back for more.

I can only hope the electorate starts to tire of Obama's socialism and he's forced to say "sorry guys" next time.
 
I don't know if there is any merit to this rumor, whatsoever.

However, given that there's no way in hell BAC, C or Wells will fail as the gov't is definitely backstopping them, it must me a regional, like Fifth-Third or something similar.
 
Quote from CommunistMonkey:

If we were capitalists C would have been dead 12-18 months ago.

After the low interest rates, the $50B loan from the gov't, the lifting of mark to market, and all the Fed loan programs the sham stress tests they still needed another $10B. Rest assured they'll be back for more.

I can only hope the electorate starts to tire of Obama's socialism and he's forced to say "sorry guys" next time.
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Sorry won't happen, but you can keep dreaming.
 
Yoy guys may be too young to remember Dan Dorfman. The root of this story stinks of someone short the banks. LEH and Bear Stearns were 'Investment Banks'. Brokers levered 100 to 1. That model no longer exists. Model worked fine unless you get a perfect storm, a 3 standard devation move, which unfortunately happened. Banks are not levered like this by law. Only brokers left are facilitation only. Stop holding out for a 'major' bank to go under. Money center banks will not fail, period. Yield curve steepening is just what they needed and they got it. A story where a money center can't fund their overnight exposure is just ridiculous and sad. Obviously written by some terrorist, seeing as he made the comment about US banks being evil or something.
 
we all agree that many of your US banks (and also from other countrys) IN A FREE MARKET woudl fail....

and one for all: the worlds terrorist is the USA.

nice day from italy
 
May 14 (Bloomberg) -- The cost of borrowing in dollars for three months between banks dropped the most in eight weeks as government and central bank efforts to unlock credit markets showed signs of bearing fruit.

The London interbank offered rate, or Libor, for such loans fell almost three basis points to 0.85 percent today, according to the British Bankers’ Association. The Libor-OIS spread, a gauge of the unwillingness of banks to offer each other cash, narrowed three basis points to 65 basis points, the lowest level since June 16.
 
Quote from moarla:

"... the worlds terrorist is the USA.
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Well, let's see....

(1) The USA has given TONS AND TONS of money via foreign aid to damn near frickin' EVERYBODY... even if we have to borrow to do so recently, and (2) the USA has come to the rescue of Europe, Japan, South Korea, Kuwait, etc... only to stop aggression and paid for the privilege ourselves... asking for NOTHING in the way of compensating return.

Please explain your view of "terrorist USA".
 
There is ample market evidence of this.
Check out Eurodollars, Yen, and some of the deflationary commodities..
Another rung of deleveraging is likely coming, though it will be small - big enough to wipe out the weak longs and small enough that it won't take us beyond the Nov lows.
 
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