http://dealbreaker.com/2008/09/checking-it-twice/ Wall Street Insider – Financial News, Headlines, Commentary and Analysis - Hedge Funds, Private Equity, Banks Fri, 10 Feb 2012 17:09:47 +0000 hourly 1 http://wordpress.org/?v=3.0.5 http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263949 guest Mon, 29 Sep 2008 17:59:06 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263949 Hows Pierce and Pierce holding up? Hows Pierce and Pierce holding up?

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263948 guest Mon, 29 Sep 2008 17:48:01 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263948 Drexel Burnham Lambert Drexel Burnham Lambert

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263947 guest Mon, 29 Sep 2008 17:41:41 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263947 Sovereign and Fifth Third are also tanking. There go the regionals. Sovereign and Fifth Third are also tanking. There go the regionals.

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263946 guest Mon, 29 Sep 2008 17:29:49 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263946 27, look at YTD performance. C down 31%, BAC down 16%, COF up (!) 5.71%. I'll concede JPM is up 6.67% but that's due to their special role as the Fed's right hand (which is bestowing untold wealth on them). 27, look at YTD performance. C down 31%, BAC down 16%, COF up (!) 5.71%.
I’ll concede JPM is up 6.67% but that’s due to their special role as the Fed’s right hand (which is bestowing untold wealth on them).

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263945 guest Mon, 29 Sep 2008 17:27:14 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263945 27, look at YTD performance. C down 31%, BAC down 16%, COF up (!) 5.71%. I'll concede JPM is up 6.67% but that's due to their special role as the Fed's right hand (which is bestowing untold wealth on them). 27, look at YTD performance. C down 31%, BAC down 16%, COF up (!) 5.71%.
I’ll concede JPM is up 6.67% but that’s due to their special role as the Fed’s right hand (which is bestowing untold wealth on them).

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263944 guest Mon, 29 Sep 2008 17:21:02 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263944 26 "other issuers" = C, JPM, BAC. So stop picking only on COF (although they deserve it if only for plastering those stupid ads all over the subway showing that big red pushpin crashing through the hood of a yellow cab). 26 “other issuers” = C, JPM, BAC. So stop picking only on COF (although they deserve it if only for plastering those stupid ads all over the subway showing that big red pushpin crashing through the hood of a yellow cab).

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263943 guest Mon, 29 Sep 2008 17:15:57 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263943 COF - Capital One Financial. As financially strapped borrowers start leaving higher balances on their credit cards, COF and other issuers record more "income" (despite posting some measly - and insufficient - "reserves"). The math is that the reserve amount is the result of a multiplier which includes a default estimate and a recovery estimate whereas the income has no such multiplier. Of course once these defaults come home to roost, COF will claim they had no idea their modeled defaults and recoveries were wrong - EXACTLY what AIG said. Sigh. COF – Capital One Financial. As financially strapped borrowers start leaving higher balances on their credit cards, COF and other issuers record more “income” (despite posting some measly – and insufficient – “reserves”). The math is that the reserve amount is the result of a multiplier which includes a default estimate and a recovery estimate whereas the income has no such multiplier. Of course once these defaults come home to roost, COF will claim they had no idea their modeled defaults and recoveries were wrong – EXACTLY what AIG said. Sigh.

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263942 guest Mon, 29 Sep 2008 17:12:47 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263942 Nasty City @21 big fat liar Nasty City
@21 big fat liar

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263941 guest Mon, 29 Sep 2008 17:12:37 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263941 @17...I see your logic and I see EPs...but if EP includes Wachovia which did not fail like the others on the list...Bear would've went 11 without JPM it was a foregone conclusion - WB maybe not - at least not imminent. But based on having WB on there, CFC should be on that list as well, EP. @17…I see your logic and I see EPs…but if EP includes Wachovia which did not fail like the others on the list…Bear would’ve went 11 without JPM it was a foregone conclusion – WB maybe not – at least not imminent.
But based on having WB on there, CFC should be on that list as well, EP.

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263940 guest Mon, 29 Sep 2008 17:10:31 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263940 @17...I see your logic and I see EPs...but if EP includes Wachovia which did not fail like the others on the list...Bear would've went 11 without JPM it was a foregone conclusion - WB maybe not - at least not imminent. But based on having WB on there, CFC should be on that list as well, EP. @17…I see your logic and I see EPs…but if EP includes Wachovia which did not fail like the others on the list…Bear would’ve went 11 without JPM it was a foregone conclusion – WB maybe not – at least not imminent.
But based on having WB on there, CFC should be on that list as well, EP.

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263939 guest Mon, 29 Sep 2008 17:05:39 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263939 AIG can't fall, hankie pankie needs them to prop up goldie... "A collapse of the insurer threatened to leave a hole of as much as $20 billion in Goldman’s side, several of these people said." <a href="http://www.nytimes.com/2008/09/28/business/28melt.html?scp=1&sq=goldman%20aig&st=cse" rel="nofollow">http://www.nytimes.com/2008/09/28/business/28melt.html?scp=1&sq=goldman%20aig&st=cse</a> AIG can’t fall, hankie pankie needs them to prop up goldie…
“A collapse of the insurer threatened to leave a hole of as much as $20 billion in Goldman’s side, several of these people said.”
http://www.nytimes.com/2008/09/28/business/28melt.html?scp=1&sq=goldman%20aig&st=cse

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263938 guest Mon, 29 Sep 2008 17:05:38 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263938 the fundamentals of the economy are strong. the fundamentals of the economy are strong.

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263937 guest Mon, 29 Sep 2008 17:02:31 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263937 How much reg pfds is out there? How much reg pfds is out there?

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263936 guest Mon, 29 Sep 2008 17:02:30 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263936 'It's all gone Pete Tong' -C ‘It’s all gone Pete Tong’
-C

]]> http://dealbreaker.com/2008/09/checking-it-twice/comment-page-1/#comment-263935 guest Mon, 29 Sep 2008 17:01:04 +0000 http://wp.dealbreaker.com/2008/09/checking-it-twice/#comment-263935 Nat City is based out of Ohio, which is reeling from the loss of manufacturing jobs. Housing prices are falling fast as people move out of the state. There is a ton of supply on the market. Check out this link. <a href="http://www.ncmcreo.com/PropertySearchResult.asp" rel="nofollow">http://www.ncmcreo.com/PropertySearchResult.asp</a> Notice how they are a ton of properties under $50,000 that Nat City owns. Nat City is based out of Ohio, which is reeling from the loss of manufacturing jobs. Housing prices are falling fast as people move out of the state. There is a ton of supply on the market. Check out this link. http://www.ncmcreo.com/PropertySearchResult.asp
Notice how they are a ton of properties under $50,000 that Nat City owns.

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