The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RockyBalboa who wrote (199663)	5/2/2009 10:13:01 AM
From: Giordano Bruno	Read Replies (2) of 306849

Citi needs another 10 billion? That's easy, we'll give it to them. And there's more where that came from. Fun with banks Some banks are haggling with the Fed over how it calculated their projected 2009 and 2010 revenues -- a central factor in gauging banks' ability to absorb losses. Some have pushed the Fed to use their strong first-quarter performances as a baseline, even though many acknowledge their first-quarter results are likely unsustainable. They are haggling with the Fed based on their "strong" first quarter results (which were all due to taxpayer gifts to every single bank via the AIG funnel)? Come again? Are there any boards of directors left at any of these firms to supervise the sheer lunacy that management teams projectile vomit in the general direction of Barak Obama, Tim Geithner and CNBC's audience? Why should Chrysler creditors be forced to suffer and be scapegoated in front of the entire world, while we don't know who one single large creditor of a Citi or of BofA is? .... but we can speculate...Hey Obama/Tim - how about some bank creditors suffer a loss here and there too in your witch hunt against "all those self-serving Wall Streeters." Does it maybe have to do with the fact that these are not really Wall Streets at all but the very same gullible fools who are supposed to lap up the $1 trillion + in USTs you will be shovel feeding over the next year... yes, the same investors who still have their investment in Freddie and Fannie marked at par compliments of Uncle Sam and Joe Taxpayer. All is good though: CNBC just announced that all is priced in, and that no bad news can ever move the market lower as everything negative has been factored in every single stock price in perpetuity and then some.

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