On MTM, insolvency, and market over-corrections

[Allan from Fallbrook]

Dave: “Never teach a pig to sing. It wastes your time and it annoys the pig”.

Don’t get into an argument with Breezie. For one thing, he doesn’t have the first clue how to construct a factually based, coherent argument. He reads articles by Michael Shedlock, or Fleck or Krugman and then runs back here and regurgitates what he’s read and pretty much without understanding any of it.

Then, when called on the facts (or lack thereof), he resorts to thin strawman arguments or ad hominem. You’re going to find yourself going down the rabbit hole with this mental bantamweight. Trust me, it ain’t worth it. His inability to understand that Bear Stearns was an investment bank underscores my point. You’re trying to discuss finance and banking with someone that probably doesn’t know how to balance a checkbook.

[TheBreeze]

For those of you who like to rely on experts, Bill Black is an expert from the S&L scandal and he disagrees with the policy of bank zombification:

http://www.pbs.org/moyers/journal/04032009/watch.html

It’s a half-hour interview, but there’s so much good stuff in there it’s well worth listening to. His comments on zombification start at about the 20-minute mark.

You also have this article from a fomer chief economist of the International Monetary Fund:

http://www.theatlantic.com/doc/200905/imf-advice

It appears that the good regulators are against zombification whereas most banking insiders and politicians are for it.

[TheBreeze]

For those of you who like to rely on experts, Bill Black is an expert from the S&L scandal and he disagrees with the policy of bank zombification:

http://www.pbs.org/moyers/journal/04032009/watch.html

It’s a half-hour interview, but there’s so much good stuff in there it’s well worth listening to. His comments on zombification start at about the 20-minute mark.

You also have this article from a fomer chief economist of the International Monetary Fund:

http://www.theatlantic.com/doc/200905/imf-advice

It appears that the good regulators are against zombification whereas most banking insiders and politicians are for it.

[TheBreeze]

For those of you who like to rely on experts, Bill Black is an expert from the S&L scandal and he disagrees with the policy of bank zombification:

http://www.pbs.org/moyers/journal/04032009/watch.html

It’s a half-hour interview, but there’s so much good stuff in there it’s well worth listening to. His comments on zombification start at about the 20-minute mark.

You also have this article from a fomer chief economist of the International Monetary Fund:

http://www.theatlantic.com/doc/200905/imf-advice

It appears that the good regulators are against zombification whereas most banking insiders and politicians are for it.

[TheBreeze]

For those of you who like to rely on experts, Bill Black is an expert from the S&L scandal and he disagrees with the policy of bank zombification:

http://www.pbs.org/moyers/journal/04032009/watch.html

It’s a half-hour interview, but there’s so much good stuff in there it’s well worth listening to. His comments on zombification start at about the 20-minute mark.

You also have this article from a fomer chief economist of the International Monetary Fund:

http://www.theatlantic.com/doc/200905/imf-advice

It appears that the good regulators are against zombification whereas most banking insiders and politicians are for it.

[TheBreeze]

For those of you who like to rely on experts, Bill Black is an expert from the S&L scandal and he disagrees with the policy of bank zombification:

http://www.pbs.org/moyers/journal/04032009/watch.html

It’s a half-hour interview, but there’s so much good stuff in there it’s well worth listening to. His comments on zombification start at about the 20-minute mark.

You also have this article from a fomer chief economist of the International Monetary Fund:

http://www.theatlantic.com/doc/200905/imf-advice

It appears that the good regulators are against zombification whereas most banking insiders and politicians are for it.

[denverite]

Regarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.

On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.

[denverite]

Regarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.

On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.

[denverite]

Regarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.

On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.

[denverite]

Regarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.

On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.

[denverite]

Regarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.

On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.

[TheBreeze]

Alan,

Oh wise one, please enlighten me: how much debt does Citigroup have that is coming due in two years or less?

Here’s the 10-K:

http://idea.sec.gov/Archives/edgar/data/831001/000119312509041237/d10k.htm#fin30906_61

Let’s see if you are good for something other than making ridiculous grad-school insults.

[TheBreeze]

Alan,

Oh wise one, please enlighten me: how much debt does Citigroup have that is coming due in two years or less?

Here’s the 10-K:

http://idea.sec.gov/Archives/edgar/data/831001/000119312509041237/d10k.htm#fin30906_61

Let’s see if you are good for something other than making ridiculous grad-school insults.

[TheBreeze]

Alan,

Oh wise one, please enlighten me: how much debt does Citigroup have that is coming due in two years or less?

Here’s the 10-K:

http://idea.sec.gov/Archives/edgar/data/831001/000119312509041237/d10k.htm#fin30906_61

Let’s see if you are good for something other than making ridiculous grad-school insults.

[TheBreeze]

Alan,

Oh wise one, please enlighten me: how much debt does Citigroup have that is coming due in two years or less?

Here’s the 10-K:

http://idea.sec.gov/Archives/edgar/data/831001/000119312509041237/d10k.htm#fin30906_61

Let’s see if you are good for something other than making ridiculous grad-school insults.

[Author]

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