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As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront
As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront
For those who don't know Reggie he's the best around, GGP is his crown jewel. He also called HIG and the other insurers and the downfall of the IBs. His analysis is the best. I shouldn't have closed my short on GGP in the $20s, and you shouldn't have closed it in the teens,wow!
Congrats on all the success man, you've earned it.
Are Consumers Satisfied With Online Banking?
Citi's Desperate Straits
Of course, I hope the sarcasm comes through clear enough as there is no analysis in this piece. Why do you write such tripe?
The Trouble with Rescues and Stimulus
Bigger is Not Better in Banking
Bear Market: Hunting For Value
An Ameritrade-E*Trade Merger? Not as Crazy as It Sounds
I mean, would you rather pay taxes or use that money to acquire a competitor and offset losses.
How can any fool think that $4-5 would be reasonable. Aside from all the conspiracy theorists that post here and elsewhere, ANSWER THAT QUESTION OR JUST SHUT UP.
If I can hear one reasonable answer to that point, then they would have a point. If not, they are just liars.
The TARP program gives a potential acquirer a loss-free (due to tax credits), debt-free (Etrade has free cash to pay down all debts just about) brokerage.
So, what is a debt-free, loss-free, perfectly healthy Etrade worth? $4-5/share. I think not.
The Weakness of the Treasury's New Bailout Plan
Listen, despite your constant cabal-like effort to communicate "concerns" about everything, this is the government giving you a big middle finger, saying, listen skippy, we, the Euros, everyone is backing our banks and that's it. So move along Felix, just move along man. You've been out of your league for some time.
The financial system will not fall, it appears, based on these broad guarantees, and I think the governments of the first-world nations should be applauded for their efforts in this regard. Let's just hope the lesson has been learned and once the bleeding is stopped they fix the disease.
An Ameritrade-E*Trade Merger? Not as Crazy as It Sounds
So they can acquire Etrade without worrying about mortgage losses. Further, Etrade has enough cash on hand at the bank $1.8B and at the parent $700M to pay off almost ALL OF THEIR DEBT.
So do the analysis, what is a debt free, no loss Etrade worth? It's got to be near $15 at a minimum. If AMTD could pull it off near $10 it would be a tremendous steal.
Then they might have a platform that runs without crashing all the damn time.
An Ameritrade-E*Trade Merger? Not as Crazy as It Sounds
No, about $8-10 might do it, but $4-5 would not get it done. You are aware that Etrade's CEO, Donald Layton, spent $1M of his own money to buy Etrade shares at $4.07.
The merger makes sense, but at $4-5 it makes no sense.
The Last Days of Morgan Stanley
GGP Suspends Dividend in Attempt to Address Liquidity Concerns
Hank Paulson: Smartest Man in the Room
Yes, all you are geniuses and Paulson knows nothing. The author may be a little too much in favor of Hank, but it's clear that Paulson has some plan. A lot better than what I've heard from the uber-bears. Most of which I see post again and again on these articles with nothing ever to say.
Did the FDIC Sabotage WaMu's Management and Erode Investor Confidence?