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drewb612

drewb612

Web Site: Economic Discourse

WallStreetBlips Member since Jan. 21, 2009

economicdiscourse.com - 5/6/2009
Reuters on Bank of America: $34 billion in fresh capital needed
— economicdiscourse.com — Good evening folks. Sorry for the lack of updates the past couple of weeks, been terribly busy... with life and unfortunately have neglected the website, for that I sincerely apologize. Tonight’s update will also be brief, as their are little details as to the credibility of this claim. ... (more) Reuters on Bank of America: $34 billion in fresh capital ...

Comments vote down drewb612 drewb612 posted 5/6/2009posted this
economicdiscourse.com - 5/4/2009
Bank Failure Page Updated: Three More Seizures in GA, UT, NJ
— economicdiscourse.com — The 2009 Bank Failure page has been updated to reflect the most recent FDIC seizures. Last Friday,... the government placed three more institutions into recievership. Georgia experienced the years sixth bank failure and it continues to lead all other states so far. Key statistics and more ... (more) Bank Failure Page Updated: Three More Seizures in GA, UT, NJ

Comments vote down drewb612 drewb612 posted 5/4/2009posted this
economicdiscourse.com - 4/30/2009
Questionable Banking Practices in Australia
— economicdiscourse.com — Government interventions in private sectors around the world have set the stage for some unusually hostile disputes... between politicians, and business executives. Our focus is on Australia, which contains a relatively small population, and an isolated banking system. The Sydney Morning Herald ... (more) Questionable Banking Practices in Australia

Comments vote down drewb612 drewb612 posted 4/30/2009posted this
economicdiscourse.com - 4/29/2009
GDP Numbers, Rationalizing Zombie Banks, Phibro Ticked Off, ECB’s Plan
— economicdiscourse.com — Market is showing remarkable strength today in the face of a surprisingly poor GDP number, all eyes... are locked on the FOMC Policy announcement that should be released around 2:15 PM today In the U.K., Treasury to miss out on billions over 50% tax…the government response. For those ... (more) GDP Numbers, Rationalizing Zombie Banks, Phibro Ticked ...

Comments vote down drewb612 drewb612 posted 4/29/2009posted this
economicdiscourse.com - 4/28/2009
Resistance for BOA Board, Goldman Eyes Florida Bank, Confidence Still Depressed
— economicdiscourse.com — CalPERS opposes entire Bank of America board … CalPERS said it opposes the directors “for their role... in allowing billions of dollars in bonuses to be paid to Merrill Lynch employees and for their role in failing to disclose to shareholders the true financial condition of Merrill ... (more) Resistance for BOA Board, Goldman Eyes Florida Bank, ...

Comments vote down drewb612 drewb612 posted 4/28/2009posted this
Commodities Analysis: Gold Showing Strength…
economicdiscourse.com - 4/27/2009
Commodities Analysis: Gold Showing Strength…
— economicdiscourse.com — I have attached a highly annotated chart with analysis on gold. The inverted head and shoulders pattern... I previously mentioned is strengthening and exhibiting the necessary qualities for a tradable reversal pattern. Stay tuned for future updates as the coming weeks are pivotal in determining ... (more) Commodities Analysis: Gold Showing Strength…

Comments vote down drewb612 drewb612 posted 4/27/2009posted this
economicdiscourse.com - 4/27/2009
Geithner & Club Wall Street, California vs. Wells on ARS, Swine Flu
— economicdiscourse.com — UK mortgage approvals fall 25.3 per cent Geithner , as Member and Overseer, Forged Ties to Finance... Club…Geithner seems to have spent a bit too much time fraternizing with Wall Street execs as the New York Times explains A $3B Mistake , Yahoo to close GeoCities this year California ... (more) Geithner & Club Wall Street, California vs. Wells on ...

Comments vote down drewb612 drewb612 posted 4/27/2009posted this
economicdiscourse.com - 4/25/2009
Updates to Bank Failure Page
— economicdiscourse.com — FDIC Friday was quite busy this week as four more banks failed over the weekend. Our bank... failure map has been updated accordingly, and we have added some new key statistics to the page as well. Check it out at Bank Failures. (more) Updates to Bank Failure Page

Comments vote down drewb612 drewb612 posted 4/25/2009posted this
economicdiscourse.com - 4/24/2009
Wells Fargo Silent, Stress Test Update, U.K. on AAA Watch
— economicdiscourse.com — Canada prepared to offer auto giants $6-billion in financing NY Magazine, The Wail of the 1% Wells... Fargo Buffers in Silence… Something was curiously absent from Wells Fargo’s triumphant first-quarter earnings material: Any statement that the bank would try and quickly pay back ... (more) Wells Fargo Silent, Stress Test Update, U.K. on AAA Watch

Comments vote down drewb612 drewb612 posted 4/24/2009posted this
economicdiscourse.com - 4/23/2009
Banks Take Tough Stance on Chrysler: Are They Hedged Against a Bankruptcy?
— economicdiscourse.com — Early reports claim that we are witnessing a real standoff between the government and a consortium of... lenders that hold $6.9 billion of Chrysler’s debt. The government is scrambling to find a way to keep Chrysler out of bankruptcy, and to achieve this, the bondholders will have to make ... (more) Banks Take Tough Stance on Chrysler: Are They Hedged ...

Comments vote down drewb612 drewb612 posted 4/23/2009posted this
Stock Market Update: Danger Lurks…
economicdiscourse.com - 4/22/2009
Stock Market Update: Danger Lurks…
— economicdiscourse.com — I find the market action to be extremely worrisome for the bulls. There certainly has been a... substantial rally off the lows, and the economic indicators are still worsening. Any momentary upturns in any of these indicators should be regarded as a minor reaction until a trend has developed.  ... (more) Stock Market Update: Danger Lurks…

Comments vote down drewb612 drewb612 posted 4/22/2009posted this
economicdiscourse.com - 4/22/2009
Student Loan Defaults, Alice in Financeland, New Aid for GM
— economicdiscourse.com — Student Loans : Default Rates Are Soaring…while tuition rates have steadily outpaced inflation and general cost of... living expenses for some time Blog Sparks Worries that Banks Will Fail Stress Test From Brad Setser, Give the IMF credit (literally, and figuratively) Krugman, ... (more) Student Loan Defaults, Alice in Financeland, New Aid for GM

Comments vote down drewb612 drewb612 posted 4/22/2009posted this
economicdiscourse.com - 4/22/2009
Its All or Nothing: TARP Paybacks
— economicdiscourse.com — Goldman Sachs and JP Morgan are scrambling to repay TARP funds in hopes to free themselves from... the government’s pay restrictions and watchful eye. Under the surface though, these banks continue to recieve billion in subsidies from the government through less widely recognized programs. ... (more) Its All or Nothing: TARP Paybacks

Comments vote down drewb612 drewb612 posted 4/22/2009posted this
economicdiscourse.com - 4/22/2009
Bank Failure Map and Economic Calendar
— economicdiscourse.com — We have recently added a couple of new features to Economic Discourse. Located under the daily commentary... button on the menu bar is a drop-down option for the bank failure map. On this page you will find an interactive map of the United States that highlights all of the banks of 2009 that have ... (more) Bank Failure Map and Economic Calendar

Comments vote down drewb612 drewb612 posted 4/22/2009posted this
economicdiscourse.com - 4/21/2009
Bernanke on Financial Innovation, Pandit’s Future in Question, Deflation Fears Growing
— economicdiscourse.com — The beginning of the end of American Sterling Bank…we see a similar situation with Bank United ,... 20 days to strike deal Bernanke , Financial Innovation and Consumer Protection (see video on homepage) Barney Frank’s Double Indemnity From the FT, Fresh questions on ... (more) Bernanke on Financial Innovation, Pandit’s Future in ...

Comments vote down drewb612 drewb612 posted 4/21/2009posted this
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