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2009-02-21 Home Front Economy

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Posted by Fred 2009-02-21 00:00|| E-Mail|| Front Page|| [11124 views ] Top

#1 . "The sooner the bank regulators can shut down the troubled banks, the faster the industry will get back on its feet, in our view,"

Just after "The sooner the flow of credit is restarted, the faster the industry will get back on its feet" and "The sooner the mortgage problem is resolved, the faster the industry will get back on its feet" and ....

Posted by Procopius2k 2009-02-21 08:34|| 2009-02-21 08:34|| Front Page Top

#2 A lot of banks are going to implode when the alt-a and ARM mortgage bubbles collapse. Those banks that are stable are desperate to disconnect themselves from the losers and not get caught up in government controls.

Posted by Anonymoose 2009-02-21 09:10|| 2009-02-21 09:10|| Front Page Top

#3 At the current rate, nearly 100 institutions-- with a combined $50 billion in assets -- will collapse by year's end.

I guess this guy thinks Citi and BofA will survive. Not too sure about that.

Posted by DoDo 2009-02-21 10:44|| 2009-02-21 10:44|| Front Page Top

#4 Assume a developer constructs an office building for $10 million, and same becomes non-viable. A Trustee in bankruptcy would be required to sell same for the best price. Assume that is: $5 million. The buyer - not having to rent at rates to cover the original construction cost - is able to fill same at lower rates. That type of phenomena happens in every recession, and explains why turnarounds occur.

Posted by Alistaire Greash5374 2009-02-21 11:10|| 2009-02-21 11:10|| Front Page Top

#5 I saw yesterday that Bank Of America was likely to be taken over by the treasury, good fuckin riddance.

Posted by Rednek Jim 2009-02-21 12:36|| 2009-02-21 12:36|| Front Page Top

#6 Rednek-

Careful, brother - right now my money's in BoA. I'm trying to figure out how to convince the wife it needs to go.

Mike

Posted by Mike Kozlowski 2009-02-21 14:29|| 2009-02-21 14:29|| Front Page Top

#7 MIKE, find a Credit Union Quick, transfer all your funds then just give the wife a new checkbook/check card.

Yep it really is that easy.

Posted by Rednek Jim 2009-02-21 19:34|| 2009-02-21 19:34|| Front Page Top

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