Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (82085)	7/25/2008 5:36:53 PM
From: estatemakr	Read Replies (1) \| Respond to of 116555

Mish or others, Is there a website, etc, where an average Joe can find that same type of CDS information on other financial institutions?? Seems as though it would be rather helpful for both long and short investment ideas, and also, for peace of mind when determining where to conduct small biz banking, park some cash, etc.... Would love to see a chart on Zion's bank (ZION)

To: mishedlo who wrote (82085)	7/25/2008 7:15:03 PM
From: ajtj99	Read Replies (2) \| Respond to of 116555

Mish, glad to provide something you could utilize. My current concern is how are they going to keep the financial system from freezing up if/when WaMu goes under, as with about $150-billion in deposits, WaMu could take the FDIC way into the red. Who do they go to to re-flate the FDIC? The banks. How are they going to pry the money from them? How is Citicorp, Bank of America, Wachovia, Wells Fargo, and other cash-strapped banks going to be able to cough up 1.5% of their deposits to make the FDIC whole again (typically the FDIC holds 1.25% of deposits in their fund, but they go higher when there are a lot of failures to fund). If the FDIC is broke, how are they going to clear checks through the system. Banks were putting 8-week holds on some IndyMac checks after they went down. What's going to happen if WaMu blows and there's not enough FDIC money on hand to cover the insured? This will be interesting.