Coming Soon: Banking crisis of Historic Proportions

[Beginner]

COMING SOON:  BANKING CRISIS OF HISTORIC PROPORTIONS

 http://seekingalpha.com/article/156269-coming-soon-banking-crisis-of-historic-proportions?source=article_sb_popular

 Only confirms what JDH says.  Going to get worse before it gets better.  For lovers of bad news only.

[Croaker]

Great Post,  you will never see him on any major news channel talking this up.

Never fear, the Feds are builting more printing presses just for the Banks. 

Sooner or Later they will let the cards fall on there own.  But after they printed enough dollars to get you to the moon and back a few times.

[jjj000]

hmm... ya are the numbers he quotes adjusted for inflation, too?  And not the 2% per annum kind either.  If not, then less banks AND less capital...

Like BF noted earlier, once they f-ed with the mark2market rule... that pretty much sealed the deal for a cover up.  At this point I think Bank of America would have to go under to trigger another big sell off, or some kind of bombshell on that scale.  Small banks ain't gonna do it...

jmho

[sunseeker]

Hi Beginner

I agree. That's a great link that you posted.

Thanks

ATB  

[Bottomfeeder]

two words.....yield curve.

That will be enough for the large banks to come out.  They know that, which is one reason they are not lending.  The other being of course, reduced demand, which is not unusual in a recession, for both commercial and individual interests. 

FDIC guarantees are a bit of a concern, but it appears that they will require banks to fund here in the pretty near future.

Get some GS and BofA.  I like BofA with their holdings alot for 5 years out, Merrill, Countrywide and of course their own deposits.  That is going to be a winning combination over time IMO.  Goldman is Goldman, and it looks like they are going to do a stock buyback to keep Barney Franks piehole closed and as a way to "pay bonus's", which is why we should own them....smart guys.