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Proof Of Another Big US Bank Collapse? Investment Banks Rated "Buy" By Other Banks? What Does It Take For Investors To Learn?

Reggie Middleton's picture

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Wed, 09/14/2011 - 03:24 | 1666985 chinawholesaler
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Wed, 08/24/2011 - 13:17 | 1595763 thegr8whorebabylon
thegr8whorebabylon's picture

Front page, bitchez!   ;)))

Wed, 08/24/2011 - 12:30 | 1595510 alagon
alagon's picture

Fiat currency is government money. Gold, on the other hand, is king's money. Better to be the king than Obama's bitch. I believe it was Thoureau who said something like "I had more freedom as a prisoner than I did as a taxpayer"

Wed, 08/24/2011 - 11:54 | 1595353 indio007
indio007's picture

I'll take braggadicio over pandering to the lowest common denominator (i.e. pathologically hopeful groupthink) any day.

Wed, 08/24/2011 - 09:40 | 1594750 PulauHantu29
PulauHantu29's picture

My former broker called me two weeks before the Lehman collpase recommending them and other financials....luckily I did not agree.....i fired him later...

Recently another cold call broker suggested muni bonds.....LMAO.

My guess is they need to duml this C-R-A-P off on the average investor before they go belly up. I was surprised when Paulson bought BAC....that was a sucker's play and I wonder how his genuis team came up with that....mmmm.

Wed, 08/24/2011 - 09:34 | 1594741 Bob
Bob's picture

I heard that, Reggie!  Tell it, brother!

Wed, 08/24/2011 - 08:14 | 1594454 jkruffin
jkruffin's picture

Americans as a whole are the dumbest in the investing world ever seen. They never learn, they continue to donate their money to the crooks on Wall Street. They continue to listen to CNBC hacks even after the last 2 crisis' should have taught them to turn the channel to something else. The only safe havens now are gold and silver...everything else is a farce.

Tue, 08/23/2011 - 23:23 | 1593510 thegr8whorebabylon
thegr8whorebabylon's picture

lets try that again, bitchez

Tue, 08/23/2011 - 23:21 | 1593503 thegr8whorebabylon
thegr8whorebabylon's picture

back on the front page, bitchez

Tue, 08/23/2011 - 20:04 | 1592740 Magister Ludi
Magister Ludi's picture

I generally can only get through about four-and-a-half sentences before your arrogance and shameless self-promotion induces spontaneous vomiting, rendering my keyboard useless.  Fortunately, one only needs about four to question the legitimacy of your post.  Let's take a look at today's opening brilliance:

"On February 10, 2008, I created an extensive blog post, explicitly labeling Morgan Stanley as "The Riskiest Bank on the Street!" To my knowledge, I was the only one to make such a blatant accusation. Of course, months later Morgan Stanley and all of its brethren started collapsing. Many attributed this to the overall market malaise, I didn't."

Bear Stearns and Lehman Brothers no longer exist.  If you held those two stocks, you would have a couple bucks and nothing, respectively.  So wouldn't that make them the "riskiest" banks?

And who exactly attributed the collapse of the financial stocks to "overall market malaise"?  You're telling me you actually know people who thought financials were not the root cause?  I can understand why you think so highly of yourself if you keep company with individuals who came to that conclusion.

Please just support the cause and buy ad space from the site instead of putting up half-assed posts under the guise of content.

Wed, 08/24/2011 - 08:44 | 1594535 fx
fx's picture

I have to agree with your sentiment, by and large. However, the self-congratulating style of the articles of course doesn't invalidate the research presented by Reggie. That being said, these lengthy look-backs with a boatload of braggings about his genius and greatness and how he saw all this coming before any other ad nauseum is indeed annoying and makes it hard to read through the end of his posts.

Tue, 08/23/2011 - 22:00 | 1593062 Diogenes
Diogenes's picture

He's an American with something to sell. By that standard he is far from the worst blowhard on the map. Just think, if you watch TV or listen to the radio you have to accept the commercial.

Tue, 08/23/2011 - 20:49 | 1592825 LynRobison
LynRobison's picture

Magister Ludi, you seem to be the arrogant one here.

Tue, 08/23/2011 - 20:45 | 1592819 JuicedGamma
JuicedGamma's picture

In 42 weeks 4 days you have posted exactly 4 times. Twice to trash Reggie a true prince who freely shares extremely valuable insight that i am sure you wished you possessed.

True he does promote, so what? The articles are well researched and thoughtfully presented. Relegating this to ads would be a great loss to the site, whilst you sir, would not be noticed.

Tue, 08/23/2011 - 21:03 | 1592855 Magister Ludi
Magister Ludi's picture

You're right.  That's a fair criticism of my track record.

Tue, 08/23/2011 - 21:25 | 1592895 JLee2027
JLee2027's picture

I could only get through 4 and a half words of your retort before I puked. Sorry!

Tue, 08/23/2011 - 20:25 | 1592781 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

You are not required to click and read any post on ZH. It is a choice. You can always head on over to CNBC to get the real scope on state of the markets.

Tue, 08/23/2011 - 19:31 | 1592616 topcallingtroll
topcallingtroll's picture

Reggie I put you up there with Adam Hamilton, probably the best independent general analyst.

The problem you will always face, as Keynes observed, was that it is better to fail conventionally than succeed unconventionally.

The mediocre, incompetent large brokerage analysts will always make more money than you and have more influence, even when repeatedly proven wrong.

Wed, 08/24/2011 - 08:32 | 1594488 Widowmaker
Widowmaker's picture

Long live the US taxpayer backstopping rigged markets full of fraud and too big to fail!

Burn the racket and start the prosecutions.

Enough said.

Tue, 08/23/2011 - 19:30 | 1592609 Dragonsgrace
Dragonsgrace's picture

I think the whole problem with Reggie is he is way too modest!  I want you to tell me many more times how great you are....really I do.  

Tue, 08/23/2011 - 18:52 | 1592517 vocational tainee
vocational tainee's picture

reggie would you dance raggy with me?.....

Tue, 08/23/2011 - 18:01 | 1592379 Going Loco
Going Loco's picture

Reggie, I have said it before and I say it again. Just a little more care with the presentation and you could do much better in all respects - both as a subscription service and as a trader. Look  at Muddy Waters - that should be your role model. Every word carefully chosen and very few posts - but when Carson Block posts a report the crooked financiers quake in their shoes and his short positions make big bucks. I wish you the very best. You are one of the good guys. Heavens - look at what you are doing. You are describing the downfall of the financial system, step by step. The events that your analysis predicts and which then come true are going to be in the history books. By rights you should be in the history books too, and you should be a very wealthy man at the end of this strange episode in all our lives. The only thing holding you back is your presentation. Well, that's what I think. 

Tue, 08/23/2011 - 21:57 | 1593048 Diogenes
Diogenes's picture

How about the most honest analysis on the street FOR FREE. Not good enough for you, you have to have it with whipped cream and a cherry on top. Jeez.

Enough quibbliing and Reggie is apt to say to hell with those ungrateful mooches and I wouldn't blame him.

Tue, 08/23/2011 - 17:47 | 1592343 FreeNewEnergy
FreeNewEnergy's picture

Reggie, if I was a chick, I'd go down on you.



Hetero, Alpha Male

Tue, 08/23/2011 - 17:09 | 1592206 MrBoompi
MrBoompi's picture

Reggie, if you valued every company they would probably come in at 58% below "market price".  If you looked at IPOs, they are probably 58% overvalued.

Actual price discovery has been broken for a long time.  This is what happens in markets managed by central planners and fraudulent investment banks.



Tue, 08/23/2011 - 15:43 | 1591773 LookingWithAmazement
LookingWithAmazement's picture

Reggie, no big bank will ever fail anymore. This whole Financial Freakshow is way too profitable for the whole interconnected Rothschild-Khazarbunch. They swim & drown in their money, no matter how worthless all the paper crap is. When push comes to shove, The Bernank Ghost in the Machine brings up freshly printed money, to save the Khazar's day.

Wed, 08/24/2011 - 00:42 | 1593819 aminorex
aminorex's picture

That only works until it fails.  You can squeeze a balloon in your hands only so far, before some portion escapes between your fingers, becomes overextended, and pops.  If you had infinite fingers, you would be a Hindu god, not a central bank.

Tue, 08/23/2011 - 14:37 | 1591444 JW n FL
JW n FL's picture

Great Job! Reggie as Always!!


This week Max Keiser and co-host, Stacy Herbert, look at how quantitative easing is good for the rich, bad for the poor and how sterling is offering no refuge. In the second half of the show Max talks to Richard Heinberg, author of The End of Growth, about the role of energy in the current debt crisis.

Tue, 08/23/2011 - 14:34 | 1591419 sodbuster
sodbuster's picture

>and I'm no more special than any other Joe Schmoe on the Street - <

You don't give yourself enough credit, Reggie, I think you and your team are pretty darn sharp!!


Tue, 08/23/2011 - 14:01 | 1591151 gwar5
gwar5's picture

So, Morgan Stanley is going down like a cheap hooker, eh?  Why should BAC have all the fun....


OT:  think we just had a mild earthquake in NC..... house shook, waves in the pool outside confirms it. Either that, or Bernanke just unleashed QE3 and the world didn't take it so good. 



Tue, 08/23/2011 - 17:45 | 1592336 rocker
rocker's picture

Bank of America having all the fun.  I got one question I do not understand.  Why does CNBC constantly and consistently defend the Banks?

Tonight's Fast Money has everybody defending BAC and the "rumor" that their balance sheet is bad.  Hello. Do Mark to Market with all the crap and we will believe it is good. Hiding half their crap off balance sheet is fraud to investors. That is plain and simple.

Also, Hey Tyler, they took a cheap shot at ZH tonight too.  If they only did half the investigating and verifying  that ZH does.

CNBC has told us all the banks are buys 20% ago.  Hello. Who was wrong, the market or CNBC with their phony analysis and stock pumpers.

Tue, 08/23/2011 - 13:32 | 1590943 shazbotz
shazbotz's picture

I'm surprised people aren't more shocked at the conflict of interest in S & P's new President


It's all rigged!

Tue, 08/23/2011 - 18:10 | 1592372 Rainman
Rainman's picture

That S & P poleaxing was such an obvious tell.....shit, if Uncle Sugar had any money or credit he'd get wiped out at the poker table within minutes.


Wed, 08/24/2011 - 09:33 | 1594736 Bob
Bob's picture

Sharma did his job well . . . this is his reward, not his punishment.  When S&P turns on the TBTF's (rather than scapegoating governments) whose water they continue to carry, then they might have earned some real credibility. 

Tue, 08/23/2011 - 13:31 | 1590941 TJ00
TJ00's picture

Excellent work as always, however if you really want to make a lot of money and help us out on ZH I have one suggestion-


Reggie Middletons Bank


You're probably the only person I would trust to run a bank with my money in it.

Tue, 08/23/2011 - 13:19 | 1590891 disabledvet
disabledvet's picture

Slight factual error other than that i agree: MS didn't collapse. It did require a massive infusion of cash flow-but it was Japan that provided the actual "confidence" that allowed MS to vontinue as an independent entity which it still is today. This was not the choice of the Sec Tres at time either.

Wed, 08/24/2011 - 00:48 | 1593840 aminorex
aminorex's picture

I think Middleton's point is that the underlying malaise has not been resolved.  His implication is that MS is the riskiest of the remaining, today, not 3 years ago. The credibility of that point is undermined by a presentation based on historical documentation, a 2008 view of the world,  lacking in fresh numbers.

Tue, 08/23/2011 - 13:16 | 1590876 Fiat2Zero
Fiat2Zero's picture

Reggie, amazing calls as usual.  I used to bristle at your braggadoccio, but now I understand it.  The essential human problem is that "the supply of the truth is always far greater than the demand."  People would rather continue clutching at their illusions than confront the truth.  It has nothing to do with (making vast amounts of) money, and everything to do with the fact that humans hate change, crave comfort, and yes, will give away their liberty for trains that run on time and a full belly.

You're telling people that no one is in charge and the future is going to be very tumultuous.  No wonder you have to carry that samurai sword - people want to kill the messenger!

Keep up the great work.  I'm not a subscriber, but only because I'm not a trader, but more of a speculative investor, and it doesn't seem to fit my current trading abilities.

But I get the sword and the swagger.  Keep the hits coming man!

Tue, 08/23/2011 - 13:11 | 1590861 falak pema
falak pema's picture

for a trader there is a choice of hedging, shorting, puting, calling, on both sides of the pond. On all types of derivatives. It must so mind boggling it sounds like pulling at straws, given the uncertainty and lack of visibility. Hope your glasses are infra red and can see in the dark. Found any four leaf clovers that don't fade and whither the next day?

Roller coaster wild. Hope you can buy that Eiffel tower! Your buddy Roubini sounds very gloomy.

Tue, 08/23/2011 - 16:05 | 1591918 rocker
rocker's picture

I am over 90% Cash and staying there until they blow this up or else I just stay out.

Preservation of captial is more important than the squid sucking any position one puts on.

Their computers can manipulate and take you out long or short in any stock.

Wed, 08/24/2011 - 21:15 | 1597676 Papasmurf
Papasmurf's picture

Since it is cash they are ultimately blowing up, you're plan is going to fail you.

Tue, 08/23/2011 - 19:36 | 1592638 topcallingtroll
topcallingtroll's picture

Trade with the squid.

Tue, 08/23/2011 - 13:04 | 1590836 Dburn
Dburn's picture

Reggie  this is where you rock.

Tue, 08/23/2011 - 15:09 | 1591619 rocker
rocker's picture

+1  Thank You ZH.  All of Reggie's stuff belongs on the main feed.

Somebody has to tell it like it is.

Bloomberg on the floor: Market being driven by unusual forces.  Could we say fraud and manipulation.

And they wonder why everybody is leaving our markets.  What's to ponder here. Mr Robato.

Tue, 08/23/2011 - 12:56 | 1590797 sunnydays
sunnydays's picture

All the Wall Street banks have each other's back.  They will all rate the other a "buy".  I noticed that on CNBC the other day, how Citi was saying BOA was a great buy.  One fraudster protecting another.   Who even believes Wall Street anymore?  Not anyone that reads Zerohedge.

Wed, 08/24/2011 - 09:39 | 1594707 Bob
Bob's picture

Yet ZH howls about the injustice of S&P replacing its CEO . . . whose sudden conversion to "honesty" amounts to nothing more than shifting attention from insolvent corporations to "insolvent" sovereigns who support them.  Sure, it's nice to see them do something that corresponds to reality, but how naive must we be to swallow it at face value: The federal government and hundreds of lower units deserve downgrading yet TBTF zombies solvent only due to Mark to Myth assets and implicit government guarantees--not to mention ZIRP--go unremarked by this suddenly heroic rating agency?

It looks like a simple political play to me--get the attention off the criminal private sector and pile on in the villainization of government.  When the TBTF again are in trouble, the stage is set to put the blame squarely upon government . . . and squeeze taxpayers to pay up on debts that are claimed to be a consequence of their own government's "irresponsible" actions. 

What a con. 

Sharma did exactly what best served his Masters' interests.  Now he gets "retired" as if they're unhappy about it. 

What a con. 

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