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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (24896)	11/7/2007 9:12:18 PM
From: TobagoJack	Read Replies (5) \| Respond to of 219914

this just in e-mail queue ... something systemic and cultural, by cb ilaine's take, and biological according to maurice's reckoning. china should systemically borrow from Goldman and Morgan Stanley, and short their shares, while invest in Merrill Lynch culture and go long its shares :0) QUOTE Monday evening update: Bernard - a contributor to the comments on this blog - has provided further insights and data on the "level 3" assets of some major US financial institutions. He says: Look at the info Citigroup just filed with the SEC today: they have $135 BILLION in LEVEL 3 ASSETS. I have a neat idea. Why don't we take every single major financial institution out there and then divide their total Level 3 assets by their equity capital base and make comparisons? This will give us a better idea as to which of them may really remain solvent at the end of the day. Shall we? Let's have a look at Citigroup. Their equity base is $128 billion. Therefore, their Level 3 assets to equity ratio: 105% How about Goldman Sachs? Level 3 assets are $72 billion, equity base is $39 billion. Their Level 3 assets to equity ratio is 185%. Morgan Stanley: $88 billion in Level 3, equity base is $35 billion. Ratio: 251% (WOW!) Bear Stearns: $20 billion in Level 3, equity base is $13 billion. Ratio: 154% Lehman Brothers: $35 billion in Level 3, $22 billion in equity. Ratio: 159% Merrill Lynch: $16 billion in Level 3, $42 billion in equity. Ratio: 38% Here is the Level 3 assets to equity ratio summary: Citigroup 105% Goldman Sachs 185% Morgan Stanley 251% Bear Stearns 154% Lehman Brothers 159% Merrill Lynch 38% This becomes very interesting now, doesn't it? Looks to me like Goldman Sachs and Morgan Stanley are by far in the WORST situation among the investment banks. And yet the media is focusing all of their attention on Merrill Lynch---which actually has by far THE LEAST EXPOSURE of all of them. What a joke. As I said before, the media should stop diverting attention and trying to make this into a "Merrill-specific" problem. All of the investment banks are in deep trouble. These numbers should make that extremely evident. The deception must be exposed. UNQUOTE

To: Rolla Coasta who wrote (24896)	11/8/2007 12:35:43 AM
From: elmatador	Respond to of 219914

Interesting idea. Banks in Brazil: too big to be gobbled. Message 23960910 The Spanish came early enough and are really strong.

To: Rolla Coasta who wrote (24896)	11/8/2007 12:39:25 AM
From: elmatador	Read Replies (1) \| Respond to of 219914

Spanish banks to penetrate U.S. market. "There's a business opportunity - due to the maturity of the Spanish banks and their extraordinary level of competitiveness - to open an important niche in the United States," Fernando Perez-Hickman, chairman of the board of Miami's TransAtlantic Bank, a subsidiary of Spain's Banco Sabadell, told Efe. Florida, Texas and California are the three states that, because of their large Hispanic populations, are the most attractive markets for Spanish banks. expatica.com