Just a chart … no words necessary … And still no value … WOW

One bank after another comes out and admits … we face bankruptcy / nationalization. No end in sight … Some see NOW … that only ONE THIRD or even ONE QUARTER of the problem is “solved” … But the problem gets bigger EVERY DAY … as the real economy goes DIVING … And the WORST [...]

No ‘lasting’ recovery without more bank aid … STILL!!! Remember … yesterday, a big US Bank told us … 33% of the problem is solved … ONLY 33% … of the KNOWN problem AUTSCH!!! And as always … Ben Boy talks soothing BS … stabilization later in the year … YEAH RIGHT 2010? 2011? Later? [...]

All major Subprime-involved companies have been (at least partially) nationalized, taken over or left bankrupt … the only one left standing is Morgan Stanley … Congrats We had … Citibank … today partially nationalized … Bear Stearns … taken by JPMorgan Lehman … allowed to fail Countrywide Financial … taken by Bank of America Merill [...]

Not ONE single weekend without bank failures … Respect This weekend … U.K.’s Bradford and Bingley gets … so reports … taken over by the Government … Parts of it might be sold off to HSBC and/or Santander of Spain … In the U.S. … rumours say, that Wachovia will be sold by Monday morning [...]

They really have done it … the FED and its friends will virtually take over Fannie Mae and Freddie Mac … this is HALF the U.S. mortgage market … WOW … we talk here about 8 TRILLION DOLLARS … What will happen now??? First: ALL TRUST in the U.S. Government and the FED should be [...]

Markets did their minimum and … after the usual bounce around month end … Bad news comes in … After AIG and Freddie Mac and Allianz yesterday (old stuff) … today a new (known) hole was presented to investors … Citibank will have to buy back their auction-rate securities … at least 7 bln$ of [...]

Pull all strings FED made it possible … the market survived another month even bouncing And still in bouncing mode … despite bad GNP figures out of the US today … It is still an uphill battle, but we should see new highs … S&P above 1291 … DAX above 6616 After running out of [...]