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

To: Think4Yourself who wrote (203507)	5/21/2009 3:59:44 PM
From: James Hutton	Read Replies (1) \| Respond to of 306849

JQP, Always with them negative waves. You've gotta trust that BB and Turbo Tax Timmy have it all under control. They keep saying they do. wikio.com

To: Think4Yourself who wrote (203507)	5/21/2009 5:16:44 PM
From: dealmakr	Respond to of 306849

"So the Treasury sells treasuries to the Fed, who pays with nothing of value. They pay with nothing because it just comes out of a worthless and exploding balance sheet." Hi John I was doing some business at one of my local banks and this exact topic came up in conversation with senior management in discussing where interest rates might be heading. Bank president said he sees rates staying fairly low for a fairly long time and I said, this type of of transaction between different government agencies looks to be a lot of smoke and mirrors maybe to give some of our foreign counterparties a way to redeem their holdings without wholesale dumping on the market and driving rates up to the possible true risk value of our countries deteriorating balance sheet. He then said that he hopes it will work out, because any rapid rise in interest rates is really going to squash any hope of any sort of recovery. The whole thing to me looks a lot like robbing Peter to pay Paul with a lot of collateral damage to the citizens at large. regards, Charles Ponzi

To: Think4Yourself who wrote (203507)	5/21/2009 6:35:05 PM
From: saveslivesbyday	Read Replies (2) \| Respond to of 306849

I guess this pump didnt work today: Goldman Sachs Upgrades Large U.S. Banks to ‘Neutral’ By Christine Harper and Sarah Jones May 21 (Bloomberg) -- Goldman Sachs Group Inc. upgraded large U.S. banks to “neutral,” saying strong mortgage and capital markets earnings will likely continue into the second quarter and new capital raised reduces leverage. U.S. trust banks were upgraded to “attractive,” as the Goldman Sachs analysts led by Richard Ramsden determined revenue will recover from the first quarter. The analysts also raised their recommendation for U.S. credit card companies to “neutral” and reiterated their “cautious” stance on U.S. regional banks, which are “not out of the woods yet.” Bank of America Corp., the biggest U.S. bank by assets, has more than tripled in New York Stock Exchange trading since hitting a low on March 6, while JPMorgan Chase & Co., the second largest, has more than doubled in the period. Regulatory stress tests of the 19 biggest U.S. lenders led firms to raise more than $100 billion in capital, the Goldman analysts said. “While the outperformance of large banks versus regionals has been in evidence since early March, we believe this will continue,” the report said. Regional bank stocks haven’t kept up with the large banks in recent months, with Cleveland-based KeyCorp down 7 percent from March 9, Atlanta-based SunTrust Banks Inc. up 50 percent and Birmingham, Alabama-based Regions Financial Corp. also up 50 percent. Goldman Sachs analysts have sell ratings on Zions Bancorp., Marshall & Illsley Corp., Huntington Bancshares Inc., Comerica Inc., City National Corp. and BB&T Corp. Among individual large lenders, Goldman Sachs has a “conviction buy” rating on Bank of America and JPMorgan, a “buy” on Morgan Stanley and “neutral” ratings on PNC Financial Services Group Inc., U.S. Bancorp and Wells Fargo & Co. The analysts don’t have a rating on Citigroup Inc., the third-biggest bank by assets. bloomberg.com