c smith

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    • Tue Oct 28th 16:34 PM
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      Commented on:
      Why I Am Long National City
      However, this would likely be a worst case scenario as loan loss provisions have already begun to decline at many of America’s banks, including National City, which saw loan loss provisions decline 25% from the preceding quarter.

      So why did PNC mark the NCC loan book at levels $10 billion lower than NCC did just a week prior?
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    • Tue Oct 28th 08:45 AM
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      In the Fog of Volatility, the Notional Becomes Payable
      now I understand why AIG keeps upping their cash needs...thanks
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    • Sun Oct 19th 20:09 PM
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      Commented on:
      Singing the Praises of Financial Innovation
      test
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    • Sun Oct 12th 10:21 AM
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      Commented on:
      BofA: No More 'Typical' Wall Street Pay at Merrill
      How about Raymond James, Edward D. Jones, UBS, Smith Barney, Credit Suisse, JP Morgan, hell he can hang a shingle on the side of his house.

      This comment shows how out of touch czxqa is. Does he believe that RJF is in anywhere near the position that MER was in comping it's sales team? The others he mentions are in nearly as much distress as MER. Hang out a shingle? Yea. You want to talk about a pay cut? I've done it. Managing customers AND employees AND compliance AND systems AND managing money all at the same time might be a tad harder than he thinks. Talk to Schwab, big guy (I have it on good authority that they're looking for producers). The number they suggest might just shock you, and not in a good way. Best of luck!
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    • Fri Aug 15th 11:39 AM
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      Banks Wising Up? Short Sales Increase [Housing Tracker]
      User 215110: Here is how 1/500 creates a crisis. CDOs with a 30/1 internal leverage structure are put on some bank's balance sheet and then levered again at 25 or 30 to one. 30 X 30 = 900/1 leverage. If the underlying asset fails at 1/500, and loss severity is high enough, you have a financial crisis.
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    • Fri Jun 13th 10:39 AM
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      Commented on:
      10 Reasons In-Store Clinics Will Succeed
      all the things the current system isn't...cheap, transparent, convenient and non-bureacratic...it might work!!!
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    • Fri May 30th 09:58 AM
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      Subprime Losses? Don't Believe Everything You Hear
      OK, so now all the monthly securitization data re delinquincies, roll rates, etc. is suspect because one bank pushed out their charge-off window...please.
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    • Thu Apr 17th 21:41 PM
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      How To Solve the Housing Crisis Tomorrow
      Same silly thinking which got us into this mess...the entire scheme relys on houses appreciating so the Feds can come out ahead. Let the market find equilibrium...likely another 15% to 20% down for Case-Shiller (to late 2003 levels). Writedowns on mortgage paper already exceed this level of home depreciation, so the investment banks are done with writedowns on CDOs. Commercial banks will still suffer for another 6 to 12 months (they've done less mark to market), but we'll get through it. Nutty idea.
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