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LOL! Thanks! I needed that!
bullish for treasuries
The banks themselves are just transitory.
Apparently, so are their earnings. If those earnings continue this trend, the banks will indeed become "transitory". And so will their depositor's funds!
How can you reduce reserves while home prices keep falling and unemployment is rising?
Thanks Tony. Finally someone who gets it - that 2nd chart is great (#1 didn't suck either).
What is wrong with all those "evil-doers" not paying back their loans all the while incurring loan losses on banks' spreadsheets.
short fraud........i means banks. long FAZ.
The accounting profession should be ashamed of itself allowing this to go on.
I'm going to guess the big ones are part of the status quo.
And some of the midsize ones would like to join the club.
Your shadow moving longer means the skyscraper is falling, run.
And B of A has $16.7 billion exposure to the PIIGS - I'm sure that won't be a problem (for them anyway but prob for us)!
Banks! It's whats for dinner!
Pray & Delay!!!
I like that. Simple yet conclusive.
After 25 years, in 2009 I gave BAC the big FU.
Pulled every dime from the banksters. They still send me postage paid courtesy statements reflecting my ZERO balance. assholes
Rosie is right (but for the wrong reason, as always) - how can we not have QE3?
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