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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: ChanceIs who wrote (160415)10/27/2008 12:14:14 AM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
KeyCorp, Capital One to receive cash infusion: source

biz.yahoo.com

WASHINGTON (Reuters) - KeyCorp (NYSE:KEY - News), Zions Bancorp (NasdaqGS:ZION - News) and Capital One Financial Corp (NYSE:COF - News) are some of the banks that will receive cash under the U.S. government's second round of capital infusions, a source familiar with the Treasury Department's thinking said on Sunday.

Four banks, including PNC Financial Services Group Inc (NYSE:PNC - News), have already announced they are participating in the second round of capital injections.

Under the government's $700 billion financial services rescue package, the Treasury Department will inject $250 billion of capital directly into banks in exchange for preferred shares and warrants.

Treasury is providing funds in a bid to revive the financial sector, which has suffered since lending dried up and many of the loans banks made have gone bad.

Treasury has already allotted $125 billion to nine of the nation's largest banks including Goldman Sachs (NYSE:GS - News).

About 20 regional U.S. banks are expected to receive cash under the Treasury Department's second round of the bank recapitalization program.

It was not clear how much KeyCorp, Zions and Capital One will receive. The banks are expected to make the announcement as early as Monday.

(Reporting by Rachelle Younglai; editing Sue Thomas)



To: ChanceIs who wrote (160415)10/27/2008 12:35:54 AM
From: Jim McMannisRespond to of 306849
 
CA Foreclosure Graph

1.bp.blogspot.com



To: ChanceIs who wrote (160415)4/1/2009 1:49:59 PM
From: PerspectiveRead Replies (2) | Respond to of 306849
 
Wow, actually pulled up some long-term charts of TROW and Fido funds today. Man, they've really blown it. How in the world are you going to con fresh blood into the game when JQP pulls up the mutual fund screener and sees numbers like these:

These are 1, 3, 5, 10 year returns:



PRGFX
T. Rowe Price Growth Stock -40.15 -13.30 -5.17 -1.16

FKCGX
Franklin Flex Cap Growth A -39.90 -15.03 -5.47 1.49

Fidelity -44.87 -13.52 -5.66 -3.03

Janus -41.66 -13.00 -5.68 -4.49

Bonds, gold, and commodities start looking pretty attractive.

We've only begun to see how far down TROW, JNS, and BEN are going to fade...

`BC