tag:blogger.com,1999:blog-11336670.post1410048026763486443..comments2024-03-13T03:24:01.167-04:00Comments on Marginalizing Morons: Capitol ThieveryCaptiousNuthttp://www.blogger.com/profile/14440029537418230507noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11336670.post-52485207198142662102010-01-22T16:23:16.432-05:002010-01-22T16:23:16.432-05:00C-Nut,
By the way, i just started a book called ...C-Nut,<br /><br /> By the way, i just started a book called The Creature of Jekyll Island about the creation of the Fed. It is a history book that reads like a grisham novel. <br />KfellAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-28602763557769814992010-01-22T16:20:43.682-05:002010-01-22T16:20:43.682-05:00C-Nut,
The Bair story was done terribly by the H...C-Nut,<br /><br /> The Bair story was done terribly by the HP. Apparently the FDIC issued a statement and the dates the reporters had were incorrect and full of inaccuracies. <br /><br />KfellAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-59807519549409635602010-01-22T12:14:59.777-05:002010-01-22T12:14:59.777-05:00Oh yeah, My mistake.
But the point remains.
Buildi...Oh yeah, My mistake.<br />But the point remains.<br />Building up capital from (3/1, 5/1) to (6/1) is a big deal for them, right?<br />I've no sympathy for the banks and their creation of "special purpose investment vehicles" or whatever the accounting phrase du jour.<br />But asking them to bring these into the "regular" accounting and properly capitalize to boot doesn't sound like something to be done abruptly.<br />Sounds like another credit contraction in the making -- or is that how we'll soak up all of the Fed's Bernanke bucks?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-26543732515433352512010-01-22T11:37:25.471-05:002010-01-22T11:37:25.471-05:00Anon,
It's not *15%*...
It's 15-to-1.
T...Anon,<br /><br />It's not *15%*...<br /><br />It's 15-to-1.<br /><br />That means that they only actually have $6-$7 in the vault for each $100 they say they have in deposits.<br /><br />I don't know what the historical ratio is precisely, but I am sure it's well within single-digits: 3-to-1 or 5-to-1.<br /><br />Kfell,<br /><br />Not much on that one. It's a bit of a stretch. Plus we've got bigger villains to go after.CaptiousNuthttps://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-75715197423099439392010-01-21T18:52:48.137-05:002010-01-21T18:52:48.137-05:00http://huffpostfund.org/stories/2010/01/fdic-chief...http://huffpostfund.org/stories/2010/01/fdic-chief-got-bank-america-loans-while-working-its-rescue<br /><br />Get your hip waders on, you will need it to get thru the latest BS...<br />KfellAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-61860433760234008562010-01-21T18:45:20.858-05:002010-01-21T18:45:20.858-05:00Isn't the 15% just the proposed capital requir...Isn't the 15% just the proposed capital requirement -- or am I missing something?<br /><br />What is the historical ratio of capital to loans? Is 15% drastically higher than that?<br /><br />??Anonymousnoreply@blogger.com