let-up in accounting rules for troubled banks

[gwynedd1]

Re: let-up in accounting rules for troubled banks

Yes, I have 1000 shares of citi which i bought last year at 27.00.
I have no intention of selling them, so will you lend me 27000, if i put this up as collateral??

Hi charliebrown,

Charlatan Brown turns the tables on Lucy.

[cjppjc]

Re: let-up in accounting rules for troubled banks

Forget manufacturing, fire up the FIRE!


http://www.cnbc.com/id/29631464
9 hours agoTime To Buy 'Healthy' Financial Stocks

Technology stocks helped investors survive the market plunge, and techs are likely to continue to help, according to Holland & Co.'s Mike Holland, but more is needed.
"The thing can't keep going without the financials," he told CNBC.

How about manufacturing?

"If manufacturing became more important around the world, Asia would do very well. Manufacturing can't do well in the U.S., given the way we're set up now."

But more manufacturing in Asia would mean more business for U.S. financials, Holland said.

Recommendations:

"The healthy financials — if that's not an oxymoron — are the place you want to be," he said.

Yea, Mike Holland. That's rich. Wait, any minute now he'll say good companies with high dividends.

[rjwjr]

Re: let-up in accounting rules for troubled banks

Simple. When there is a Crime Wave, loosen up on the too-big-to-fail Criminals. More Crime will stimulate the Economy which is failing because of the prior Crimes.

Nicely stated. Boy, this really puts it in perspective. That's truly what many of these FIRE "leaders" are, isn't it?

Where's the sanity? Where's the competence? Where's the moral leadership?

[gwynedd1]

Re: let-up in accounting rules for troubled banks

http://finance.yahoo.com/banking-bud...re-the-Problem

They say the problem, in short, is not that the banks acted irresponsibly in creating financial instruments that blew up, or in making loans that could never be repaid. It is that someone is forcing them to fess up. If only the banks could pretend the assets were valuable, then the system would be safe.

Yes they monetized sub prime credit and much of it is noncollectable. You stole it though inflation and now put the economy into a depression as sub prime debt is demonetized. If only we could pretend bank credit was not our money supply and we used debt free treasuries instead to replace crappy exploitive bank credit money.

[cmalbatros]

Re: let-up in accounting rules for troubled banks

Ha, Ha, Ha, that was funny, a kind of "my dicks a foot long but I don't use it as a rule" article.:rolleyes: