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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (9699)3/10/2009 10:19:01 AM
From: Wade1 Recommendation  Read Replies (1) | Respond to of 48092
 
Five biggest U.S. banks are 'dead men walking'

gata.org

Submitted by cpowell on Tue, 2009-03-10 02:56. Section: Daily Dispatches
By Greg Gordon and Kevin G. Hall
McClatchy Newspapers
via Yahoo News
Monday, March 9, 2009

news.yahoo.com

WASHINGTON -- America's five largest banks, which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, their latest financial reports show.

Citibank, Bank of America, HSBC Bank USA, Wells Fargo Bank, and J.P. Morgan Chase reported that their "current" net loss risks from derivatives -- insurance-like bets tied to a loan or other underlying asset -- surged to $587 billion as of Dec. 31. Buried in end-of-the-year regulatory reports that McClatchy has reviewed, the figures reflect a jump of 49 percent in just 90 days...more



To: Wade who wrote (9699)3/11/2009 12:27:17 PM
From: Wade2 Recommendations  Read Replies (1) | Respond to of 48092
 
The more I review what WB said recently the less I feel he is the right man for that job....just how I feel. I will be very concerned if I am his shareholder...again..just how I feel.