Archive for the ‘Uncategorized’ Category
Friday, July 25th, 2008
I warned of this as early as September of last year, and in May I issued two verbose reports detailing this distinct possibility and what I believe to be it's likely consequences. Be aware, Lousiana and California are far from the only states in this situation. The recent bull run ...
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Saturday, July 19th, 2008
This is the forensic continutation of the summary overview of Wells Fargo (Doo-Doo bank drill down, part 1 - Wells Fargo), as well as part 18 of Reggie Middleton on the Asset Securitization Crisis. The other published parts are as follows...
The Asset Securitization Crisis Analysis road-map to date:
Intro: The ...
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Saturday, July 19th, 2008
Reference the forensic analysis for my in depth opinion on this company.
PNC Financial Services – Q2 2008
Income statement analysis
PNC’s revenues increased 19% y-o-y to $2,039 mn in 2Q2008 over $1,713 mn in 2Q2007 off 32% increase in net interest income and 9% increase in non-interest income. Net interest income increased ...
Posted in Commercial Banks, Uncategorized | 1 Comment »
Saturday, July 19th, 2008
Here is a submission from one of the boombustbloggers in the California real estate biz.
A little something from the front lines (San Diego Real Estate). We just got word from one of our few reputable loan agents that ALL PMI companies are dropping coverage of any loan with less ...
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Thursday, July 10th, 2008
The latest BIS Annual Report provides an overview of cross-border lending and interbank exposures. “International claims of BIS reporting banks rose from $6 trillion in 1990 to $37 trillion in 2007 (equivalent to over 70% of world GDP.) The withdrawal of institutions from a major national banking system from international ...
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Tuesday, July 1st, 2008
So all of those CEOs who say that they expect the spreads on their levereged bubble products to narrow in the (near) future, I suggest they surf on over to the Calculated Risk blog.
This year saw the smallest increase in sales from the Winter doldrums, to the Spring selling season, ...
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