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Category: Finance and Credit Current Grade: A- Total Views: 1296 Member Comments: 1 |
Posted on: 07/30/2009 Posted by: Jeff_Tumbarello Blog Points: 5344 View all blogs >> |
See pages 130-145 - a list of Banks the Government now OWNS due to its preferred stock holdings (which will soon be COMMON non-interest-bearing VOTING ownership)...
http://sigtarp.gov/reports/congress/2009/SIGTARP_Initial_Report_to_the_Congress.pdf
The "easy" view? Page 11, a tiny chart with a big view of a debacle yet to play out.. Note the BIG BOY percentages - these are our five "largest and strongest" Banks..
Don't worry, though - they want to pay it all back immediately, but the Fed won't let them. Uh huh - I wonder which one of them thinks they could write the check today. Their March quarterly balance sheets say they're still lying through their polished teefies.. Gee, what a surprise...
Within the next 3 weeks, most of 'em will get MORE cash to burn, that'll be gone by Q3 at the latest.


I feel sick . . .