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 aspect is … […]

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?
WHEN??? will […]

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 Lynch … takeover by […]

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
Wachovia is said to try […]

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 lost […]

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 losses to […]

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 […]