Level Three Assets: Banks & Brokers
Three terrific charts on Level 3 assets — these are the difficult to trade/value/sell junk. Check out Citi, and Fannie &...
300 Point Rallies: Final Point
One final note on our prior discussions of 300 point rallies: The first firm to make note of this (as far as I can tell) was a study by...
Home Equity Frenzy !
Today’s must read MSM piece is a page one NYT article on how second mortgages — "the borrowing of last resort, to be...
Down 97%: Tax Trouble Coming For States & Cities
Here’s something you may not have considered: The massive losses taken by Wall Street Banks and Brokers is going to wipe out their...
Economists Survey
"Blank checks almost always get filled in and cashed," said Stuart Hoffman of PNC Financial Services Group. > Chances...
Central Bank Spam
Dan Duncan tells us that a friend of his, who lives in Nigeria, received the following email this morning. Looks quite promising! FROM:...
The Battle Over the Bottom in Financials
Another fun discussion with Henry. As you can see, I have trouble forming an opinion . . . Note: I have a great deal of respect...