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Strategies & Market Trends : Value Investing
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Lance Bredvold
petal
To: Madharry who wrote (69544)1/14/2022 7:44:49 PM
From: E_K_S2 Recommendations  Read Replies (1) of 78958
 
in most cases you pay a premium to book
I do not trust stated BV for most/all of these banks and feel they are inflated and/or assets are leveraged or the banks have other swap agreements that may/could blow up their balance sheet. I just do not understand a lot of their investments/categories and is not worth my time trying to.

In the 90's I bought foreclosures at the court house and plan to do the same on County Tax Lien sales. It's much more automated now and at least in the counties I am interested in, the reports and auctions are done online.

We are probably a few years away before property tax liens are large enough and/or the property values have fallen substantially to make it worth the effort.

This time around, I believe the 'too big to fail' banks will be the ones in trouble and we may see something similar to the 'Resolution Trust' that was set up in the 90's to liquidate failed S&Ls (The total amount of assets equaled $394 billion). I expect it to be on a much larger scale this time, Trillions !

Remember there are no Bail-Outs, only Bail-In's.

Why Bank Bail-Ins Will Be the New Bailouts

The provision for bank bail-ins in the Dodd-Frank Act was largely mirrored after the cross-border framework and requirements set forth in Basel III International Reforms 2 for the banking system of the European Union. It creates statutory bail-ins, giving the Federal Reserve, the FDIC and the Securities and Exchange Commission (SEC) the authority to place bank holding companies and large non-bank holding companies in receivership under federal control. Since the principal objective of the provision is to protect the American taxpayers, banks that are too big to fail will no longer be bailed out by taxpayer dollars. Instead, they will be 'bailed in.'

Let's hope the legislation will indeed protect the American Taxpayer.
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