Comments on: Are We About To Witness The Greatest Banking Consolidation In U.S. History?

By: Walter Burien

Walter Burien — Wed, 02 Jun 2010 02:37:34 +0000

The statement of will be taken over by five banks is years outdated. It already happened. Here is a Federal report of bank derivative holding that also about 2/3rds down in the report gives the net worth’s of the banks listed. (figures in millions so add six zeros) I note also on page one, second paragraph it notes that five commercial banks were responsible for 97% of all derivative trading from all banks. Just to give you a heads up, on this March of 2008 report JP Morgan Chase’s derivative value holdings was 90 trillion dollars on their leveraged position. (Table 1 is at about page 22 on the pdf reader. The link to view the report is:

http://cafr1.com/STATES/US-TreasuryReports/BankDerivativesMarch08.pdf

Then you may want to take a look through an article I published today – http://CAFR1.com/DEBT.html

By: Bonita

Bonita — Sat, 29 May 2010 02:37:25 +0000

This all comes as no surprise to many of us that are 50 and older and have followed the ups and downs of the U.S. economy for so long, especially if we have parents or grandparents who lived through the Great Depression. Never since that time have we seen such an upheaval, or seen so much greed and power grabbing by our government. Anyone who refuses to see the truth is just a fool, and sometime in the near future will be whining about how they wished they had used their brain for more then casting doubt on the truth. Wake up, America, here comes the change you voted for, and just happened to be too lazy to research, or too blind to see coming.

By: Spencer

Spencer — Wed, 26 May 2010 16:50:17 +0000

Quickly…complain about Bank Of Montreal hitting a record profit before someone else does! Also…tie it into world domination somehow

By: Spencer

Spencer — Wed, 26 May 2010 15:36:07 +0000

You continue to use the carry trade issue to say that banks made ‘huge gobs of cash’. The truth is, they borrowed at low interest, invested in something which yielded a higher interest rate, and made profit (small profit at that, 3%/annum is lower then inflation).
People do the exact same thing…..they just don’t have access to the extreme low interest rates. The problem in America is that people did this EXACT thing with real estate. Then when real estate didn’t go up, they lost money. Same thing could happen to the banks in this scenario if interest rates go up or if the US decides to default on its bonds.
Man you sure whine about banks a lot, they’re trying to make a profit for their investors…if you think everything is so rigged in their favor why don’t you buy bank stocks?

By: whoisbiggles

whoisbiggles — Wed, 26 May 2010 04:41:55 +0000

This trend is so appalling that it makes me laugh.

Institutions with serious systemic failing, that are considered to be too big to be allowed to fail, are being allowed to get even bigger.