This one post contains comprehensive profit margin analysis apps, 15 minutes of prescient Apple video analysis, and basically better research than you'll find in a year's worth of Goldman research. Don't belive me? Post a compariosn for all to see.
999 basis point drop in earning power in less than a year! Whoa, let's trip over ourselves and lock in bond rates of 70bips over treasuries for 30 years. 1st we have margin compression, now we have common sense compression!
Central Bank governor now admits Irish banks need more capital. As the truth seeps slowly into the mainstream media, who do you believe - Reggie or the Central Bank of Ireland?
I always wanted to debate those smart guys at the Fed, ECB and Irish Central Bank. After all, blowing up country after country is a notable accomplishment, right???!!!
A bank losing billions of dollars in a recessionary environment, REDUCES regulatory capital, failing to report liabilities - in order to pay special investors a special dividend! Sounds about right doesn't it? Unless your a common shareholder!
This is the beginning of War and those on the losing side don't even realize they're in battle. Remember, Merkel has already declared the EU to give up sovereign authority for the greater good, the United Germanic Republic of Europe! This is how she will do it.
There's never a good lawyer around when you really need one! With a 96+% (tens of $billions) loss to equity investors, one would think law firms and regulatory bodies would be chomping at the bit for this one!
If this article, in particular its conclusion, doesn't go viral throghout the EU, then the European media, analyst and regulatory community has #FAIED! its denizens!
And you thought this would stay in Ireland and Cyprus right? Keep hope alive. RBS bailout per UK taxpayer = £1,414 or €1,654 or $2,177. but they didn't tell you everything, did they?
We don't want the Irish authorities moving faster than the US, do we? Anyone (read subordinate bondholders, shareholders) who lost money in these banks should not have to be pushed to make a move, should they?
Why are the Irish hearing about their bank solvency issues from a blogger in NYC versus their analysts, auditors, regulators or media? One should really think hard about the answer to this question!
After showing Ireland's biggest banks failed to report borrowings/encumbrances, I give EVERYONE means to play credit analyst. Calculate Ireland needing another bailout right here (hint: this app probably shames your favorite ratings agency).
How many important (or worse yet, systemically important) banks can fail to disclose pertinent debt info before it becomes evident that the tax payer/depositor/regulators/stress tester realizes they don't know the Irish banking system's true condition?
