This is a note I sent my cohorts recently out of frustration over what I thought was the discounting by some of the readers of my Business Insider articles of QA’s banking analysis, which was showing that the worst of the banking problem was over.
I have a cohort who regularly sends me “doomsday” articles from Seeking Alpha. As a response to one that he just sent me, explaining why our banking system is about to collapse and thus send us down the tubes, i sent him the following email. I thought it was worth sharing. ———– H–I just don’t [...]
I actually think people are beginning to understand what i am talking about, but there are a couple of things that i think might help with that understanding. First of all the definition of NPA (non-performing assets) and how they are reflected on a bank’s balance sheet. Here is something i just wrote one of [...]
The following is a discussion that i am having with a fellow over Everbank in Jacksonville, FL. This fellow had asked me how he was supposed to interpret Everbank’s true condition when one rating agent gave Everbank a D- or failing bank ranking, and another respected rating agent gave it a very positive “Four Start [...]
Dear H–: One thing that i have found, if i want to continue to write articles for Business Insider, is that i have to ignore the comments after my articles. Ninety percent of them are simply potshots. I do read them, just to try to gauge what was not understood or what more needs to [...]
I thought you might be interested in the email that i sent my Business Insider contacts. It relates to the analysis i did this morning on the 129 banks that the fdic has shutdown this year. Hello fellows: This morning i cranked out a little analysis on the 129 banks that the fdic has shutdown [...]
Business Insider put my TARP article up yesterday. Here is the link: http://www.businessinsider.com/tarp-great-depression-2010-10 For some reason unbeknownst to be (wink), it seemed to ruffle the feathers of a few “economists”, which is good. The comments regarding my work are fairly negative from that bunch, but at least most of them got the message just the [...]
Yesterday, per the advice of one of my new “think tank” friends, a Congressional aid got in touch with me about the Ginnie Mae model. I thought you might be interested in my response. It follows: ——- M—: Relating to your question about the Ginnie Mae model, I have decided to send you something that [...]