Banks: anyone still trusting them??

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Banks: anyone still trusting them??

Postby Entendance on Wed Nov 12, 2008 11:11 am

ArcelorMittal (MT) Cut To Sell From Buy by Citigroup [dowjones today ]
:o LOL, not when MT was last June at $100, no, they downgraded MT today :evil: , at $20 :!:
Fxxx to hell.
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Wachovia economists say

Postby Entendance on Wed Nov 12, 2008 2:59 pm

:evil: WHO :?:
Wachovia economists say...but where were these guys at (when WB was at 40bucks) last January :?:
Unemployment expected to hit 9%, Wachovia economists say
http://www.marketwatch.com/News/Story/S ... B3B3B6A%7D

NEW LOWS in the XLF, Citigroup is under $10.00 Will we see an afternoon flush and a test of lows in the Qs? Sure feels like it.
http://alphatrends.blogspot.com/2008/11/new-lows.html


(GS at 68: bank gang under massive attack :?: )
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Re: Banks: anyone still trusting them??

Postby Entendance on Thu Nov 13, 2008 3:51 pm

Entendance wrote:ArcelorMittal (MT) Cut To Sell From Buy by Citigroup [dowjones today ]
:o LOL, not when MT was last June at $100, no, they downgraded MT today :evil: , at $20 :!:
Fxxx to hell.

MT TODAY? $21, +10%; need I say more :?: :lol:
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Re: Banks: anyone still trusting them??

Postby dlry on Sat Nov 15, 2008 2:11 pm

There are comments by a Alan DiCara that basically hits the nail on the head. http://baselinescenario.com/2008/11/14/ ... uity-fund/ The experts either don't get it or don't care. E never read the baseline blog...thanks for posting it here.
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Re: Banks: anyone still trusting them??

Postby Entendance on Sat Nov 15, 2008 2:49 pm

yeah, this is the correct link:
viewtopic.php?f=7&t=604#p2661
:lol: thanks dlry , I'm going to erase the previous post that doesn't work!
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...still the top executives not pay for this mess

Postby Entendance on Mon Nov 17, 2008 9:27 am

:o Citigroup's Pandit to Reduce Headcount by 50,000, Cut Expenses
http://www.bloomberg.com/apps/news?pid= ... 7v5g74b76c
:evil: power to the people :!: worldwide top banks gang should be kicked in the teeth.
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Re: Banks: anyone still trusting them??

Postby Entendance on Tue Nov 18, 2008 4:09 am

...the arch-culprit was the bonus system that allowed bankers to draw forward "tremendous rewards" before the disastrous consequences of their actions became clear, as well as the new means of credit alchemy that let them slice and dice mortgage debt into packages that disguised risk. (So let's make sure we try to prolong that system by handing them billions of dollars in taxpayer money without conditions or serious reform - Jesse)
http://jessescrossroadscafe.blogspot.co ... -dire.html
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Re: Banks: anyone still trusting them??

Postby Entendance on Sat Nov 29, 2008 2:48 pm

dlry wrote:This is beautiful...no wonder this guy was a good trader he has some pair! :mrgreen:
Rubin's Arrogance and Denial is Appalling
http://globaleconomicanalysis.blogspot. ... al-is.html



<...Thus, today Mr. Rubin officially gets moved out of the column of intellectual heavyweights, and into the big “just as full shit as the rest of them” pile.>
http://www.ritholtz.com/blog/2008/11/ru ... sis-of-08/
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Re: Banks: anyone still trusting them??

Postby Entendance on Mon Dec 01, 2008 12:51 pm

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Bank EXecutives? lol, Hang' Em High

Postby Entendance on Thu Dec 04, 2008 6:58 am

Image
Credit Suisse plans 5,300 job cuts after $2.5 bln lossRisk exposure reduced in investment banking;
:oops: executives won't get bonus

:evil: :arrow: http://www.marketwatch.com/news/story/C ... 0DBA0FE%7D
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