Banks keep recommending themselves to investors … Every day a new recommendation, a new round of upgrades … Today we had Goldman calling Bank of America a “conviction buy” … hmmm JPMorgan and Citi hiked Goldman price targets and earnings estimates … hmmm The interesting thing about this is … as the markets so far [...]

News is … (Fox Business) Democrats Look to Extend Federal Support to Muni-Bond Market The House Financial Services Committee is scheduled to consider a series of bills that would provide massive government backing and intervention to the municipal bond market. Draft legislation is expected to be introduced as early as this week. A full committee [...]

Bank of America seemingly needs to shore up its capital by 34 bln$ … WOW … Stock price TRIPLED … and still they need around HALF of its market cap … IMPRESSING So … at the end … reading between the lines … the first RUMOURS became true … 1. 16 out of 19 need [...]

WSJ reports, that early results of the stress test show, that FED will ask “some” banks to raise more capital. Bank of America, Citigroup, Regional Financial Corp., Fifth Third Bancorp and Wells Fargo are being named in the article. Most scary about it … banks want the FED to weigh their earnings power on the [...]

Have a look here … the test IS OUT … seemingly the people who should know, already know AP stress test …

Check here: 16 of 19 banks technically insolvent! AUTSCH!!! Take care! Oli EDIT: US treasury DENIES that stress tests are available … 15 mins before US open EDIT: Read here … Treasury LIES again …

They really did it … OMG Mark-to market is not anymore mark-to-market … So … now everything is possible … enjoy the time until reality comes back … – FASB’s new guidance allows banks and their auditors to use “significant judgment” when valuing the illiquid assets such as mortgage securities. For example, if companies have [...]

Sometimes it is really unbelievable, what is happening in today’s world. And sometimes it beats everything. First … I thought, my English was not good enough … then … I thought, my math was not advanced enough … But … as now some intelligent people found out EXACTLY the same, we have to put a [...]