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To: Giordano Bruno who wrote (196983)	4/20/2009 8:45:43 AM
From: patron_anejo_por_favor	Read Replies (5) \| Respond to of 306849

Rings true to me: 1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. 2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. 3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding. 4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses. 5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular - JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank - taking especially large risks. 6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital! 7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!

To: Giordano Bruno who wrote (196983)	4/20/2009 8:48:18 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

I hope that's not true but, given the absolutely incredible levels of stupidity I have been seeing by the clowns in the federal government and on Wall Street, it wouldn't surprise me if it were true. Saw some guy on CNBC this morning for a few minutes talking in front of a bunch of legal texts. I think his title was DNC Chair, which is appropriate because the things he said suggested he was dumber than a chair. The guy was so utterly clueless that it was like he just fell out of the sky (and landed on his head). I am SOOooooo glad that I sold all my financial stocks last week. CNBC is actually saying that BAC's earnings "aren't good numbers" and that Citigroup is in big trouble.