Re: Banks in for Round -2

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Subject Author Date Re: Banks in for Round -2 Blash 02-27-2008  Re: Banks in for Round -2 DirtBag 02-27-2008
Posted by Blash on February 27, 2008, 7:41 pm DirtBag at ssws@sonic.net wrote on 2/27/08 7:14 PM: > I agree that "soon" it will be time to start buying financials but there is > still a lot of house cleaning going on... I don't think were clear from > this credit mess yet. Could take time... The banks themselves have NO idea what their total exposure is yet...... The Bank of Montreal(BMO) took a huge hit a while back on oil an trading scheme......brought in new top management to clean house.....thought they got rid of all the dirt and yet last week they had to reserve $12B for a couple SIVs which somehow got overlooked...... Posted by DirtBag on February 27, 2008, 8:09 pm > DirtBag at ssws@sonic.net wrote on 2/27/08 7:14 PM: > >> I agree that "soon" it will be time to start buying financials but there >> is >> still a lot of house cleaning going on... I don't think were clear from >> this credit mess yet. Could take time... > > The banks themselves have NO idea what their total exposure is yet...... > The Bank of Montreal(BMO) took a huge hit a while back on oil an trading > scheme......brought in new top management to clean house.....thought they > got rid of all the dirt and yet last week they had to reserve $12B for a > couple SIVs which somehow got overlooked...... > SIV's can be two tiers of risk with possible leverage of 10-15 to 1. These are high risk..high reward. When they go south..they go fast. They hide well in the books too. Great for hiding in fact. You can even dress them up and play pretend value too. Kind of like Uncle Kenny...... until he got charged... Similar Threads Posted Re: One round of taxpayer dollars down the tubes, another round down its throat October 8, 2008, 10:47 am Re: Round #2 down its throat September 23, 2008, 11:25 am Re: Round 2 down the throat of the futures March 27, 2008, 9:23 am Re: How much distance can they put on 10K with this round of FRAUD? July 16, 2008, 1:47 pm Re: How 'bout that for a round of PURE FRAUD? February 22, 2008, 4:04 pm Re: Another round of FRAUD unloaded on the futures February 28, 2008, 8:07 am Re: ROTFLMAO - Paulson pukes up another round of B.S. July 22, 2008, 8:47 am Re: Round #3 arrives a little early, but still PREDICTABLE September 24, 2008, 3:22 pm Re: And the FRAUD-gates open - Round one down its throat November 8, 2007, 3:09 pm Re: Don't worry.......Another round of FRAUD will begin within the next 5 minutes........ November 21, 2007, 11:16 am