Comments on: Meredith Whitney, The GodMother of the Financials, Gives Her Outlook

By: Davis

Davis — Sun, 03 Aug 2008 16:50:10 +0000

The closest thing I have seen to a high school pep rally has taken place since since July 10th on Wall Street. Aside from the SEC… Congress… Henry P… Big Ben B… and even W getting in on the action… opening up taxpayer monies for the largest case of corporate welfare on record… rumors are it is still not enough…

After all, the credit card underwriters will be squealing like pigs next…

That’s OK financials… a round two knock-down might start as early as Monday… Note that the bank’s largest amount of borrowing from the discount window occurred last week… prediction 10% drop in financials this week.

By: Marc Authier

Marc Authier — Thu, 31 Jul 2008 18:33:52 +0000

Yes the fascists will be partying. It’s you the slave taxpayer, that is paying the bills for these scumbags. You can thank your fascists politicians in Washington. Everything is just going fine. OK. It’s an order.

By: Ecoli

Ecoli — Thu, 31 Jul 2008 17:31:45 +0000

Will Wall St just keep partying like it’s 1929?

By: Marc Authier

Marc Authier — Thu, 31 Jul 2008 16:32:32 +0000

Oversold rallye ?

You mean a mega short squeeze stimulated by the SEC, an orgy of printing by the FED, an orgy of borrowing by the US government. The numbers all over are simply crazy. It’s not going up because the fundementals are good or it is natural rallye. It’s up because everywhere it’s the same message. “We don’t care what it will cost. Free money for Fannie, Free money for Freddie.” Not for you. In reality these “bailouts” are just disguised monetization of the debt. Yes the markets will rallye and crash again and again. Waiting for Godot to make a miracle.

By: fedwatcher

fedwatcher — Thu, 31 Jul 2008 09:45:56 +0000

It is bad. We have players obviously negative in the mist of an oversold ralley.
It is becomming harder for the wiz to hide the man behind the curtain.
We can expect major smoke and mirrors from the Fed and Treasury to keep things ‘normalized’ up to the first Tuesday in November.

By: Mr. Mortgage’s Guide to the TRUTH! » Merrill’s CDO’s: ‘They Knew What They Were Doing’

Thu, 31 Jul 2008 05:20:57 +0000

[...] Meredith Whitney, The GodMother of the Financials, Gives Her Outlook [...]

By: Marc Authier

Marc Authier — Thu, 31 Jul 2008 04:44:05 +0000

From now on any person trying to short US bank stocks will be put on the same list as Ben Laden. That’s the next step by the SEC.You really believe that they won’t eventually try it ? While you are at it, they could put in prison people for trying to buy puts. Next step it’s the electrical and the water torture.

By: Brant Gaede

Brant Gaede — Thu, 31 Jul 2008 04:20:22 +0000

She was very impressive. And at least Maria B. kept feeding her the right questions. The real problem is Bubblevision keeps trying to suck people into the market, esp. Cramer.

By: Marc Authier

Marc Authier — Thu, 31 Jul 2008 02:22:10 +0000

Hey Money Man she also told on Bloomberg that she was confident that Bank of America had taken a good decision on Countrywide, because she had a 2 hour lunch with the CEO at it was OK. Wow! That’s the way they work. A Dom Pérignon 1929 please ? Don’t forget where she works. She is still one of them. Nobody is a saint. Nobody. No she is not your side. She is on her side Stu. It’s OK. She is just a little bit more honest; for the moment; FOR – THE – MOMENT.

By: LillyK

LillyK — Thu, 31 Jul 2008 02:16:55 +0000

So hmmmmm…..what do you think will be the result of the NAB cutting massive exposure so recently?? This was rumored to be quite a serious shock and turning point but so far, no one seems that shaken by it.

Final comment?? Let this terminally ill patient (bad banks and lenders) just DIE…No more Weekend at Bernies!! OK????