Archive for the ‘OLD NEWS’ Category
Monday, January 21st, 2008
The FDIC is gearing up for a wave of bank failures to strike in 2008. They have long feared a crisis at a major institution and have sought ways to shore up their Bank Insurance Fund without alerting traders on Wall Street if a big bank fails.
In their latest ...
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Monday, January 21st, 2008
Why are HSBC, Citigroup, and Standard Chartered running to buy Rebar Group in Taiwan after a RUN ON DEPOSITS?
Don't they have enough of their own problems?
"In Taiwan's bank auctions, the winning bidder
receives money from the government to take over sound assets,
including branches, and at least half of the employees." ...
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Monday, January 21st, 2008
An amazing 62 Financial Institutions (Real Estate, Banks, Investments, Lenders) have failed in Switzerland as of 12/19/2007.
Now it makes sense as to why they only helped the Worldwide United Banking System with only a minuscule $4 Billion Dollars.
Good Luck Bernanke, you need it. If the Swiss will only help ...
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Monday, January 21st, 2008
Chris Dodd is demanding answers from Hank Paulson about Goldman Sachs' role in the subprime crisis. Amazingly, Chris Dodd has received about $80,000 in donations from Goldman Sachs employees for his ill fated presidential campaign.
Goldman Sachs has learned an important lesson in politics, don't stop donations until the fat ...
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Monday, January 21st, 2008
Fitch reprices CDO risk... finally... Now we have to wait for the other ratings agencies...
Hopefully Microsoft can release their EXCEL 2007 updates!
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Monday, January 21st, 2008
How will the ECB, Fed, and BoE react to a CROSS BORDER BANK IMPLOSION?
Who will control the bailouts or guarantee/insure deposits?
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Monday, January 21st, 2008
Are banks borrowing at the discount window and lending to other institutions at higher rates? Are they borrowing at the discount window in one jursidiction and lending to other banks in different jurisdictions? How will regulators assure stakeholders that banks are not defecting to their Nash equilibrium in this ...
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Saturday, January 19th, 2008
As the contagion reverberates across the world, the weakest banking markets are taking a toll. First, the American sub prime crisis, UK's Northern Rock, the African cash crunch, then Zimbabwe, now the panic has spread into Turkey. Is any bank safe in this turbulent world?
"The chairman of TMSF (Savings Deposit ...
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Saturday, January 19th, 2008
The news gets worse and the blood pours but it has yet to hit the streets. Amid all the confusion, if you look beyond the sphere of our world, you will see the banking crisis has begun its implosion in East Asia and Africa. The end of the year ...
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Saturday, January 19th, 2008
Goldman Sachs analyst William F. Tanona states Citigroup must cut its dividend by at least 40% to increase or maintain reserves.
Looks like Meredith Whitney has some company now.
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