October 01, 2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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30 comments:
it is called fox news afterall
Housing slowdown may hit bank profits
Regulators warn that the few 'positives are starting to fade' in banking.
September 29 2006: 5:29 PM EDT
WASHINGTON (Reuters) -- Earnings at U.S. banks were strong in the second quarter but may soften with a cooling real estate market and higher lending costs as the economy digests the recent spate of interest rate hikes, a U.S. bank regulator said on Friday.
The Office of the Comptroller of the Currency said during a briefing with reporters on the condition of the banking industry that a few positive aspects of the economy that helped banks achieve record earnings are showing signs of slowing.
"Positives are starting to fade," said Nancy Wentzler, deputy comptroller for global banking and financial analysis, pointing to the once-hot real estate sector.
"It certainly started to cool this summer in August," she said. "And now we are seeing a little more emphatic reduction in some of the housing and housing-relating activity that had been a big boon to bank earnings."
Banks that have enjoyed strong growth in deposits are experiencing slower growth as the rise in interest rates has made time-sensitive accounts such as certificates of deposits, which carry higher interest rates, more appealing to customers, she said.
Another trend putting pressure on banks' bottom lines is the growth of branches throughout the country.
The OCC found that 38 percent of depositary institutions - big and small - have increased their branch presence over the last several years by 5 percent or more while the U.S. population has remained largely constant.
About 33 percent of the counties in the United States have seen a big increase in brick-and-mortar bank locations. Sixty percent of the growth has been in urban areas, a sign that banks are reaching out more to households to increase their deposit base and asset management.
"They're mushrooms and they're growing everywhere," Wentzler told a briefing to discuss the condition of the banking industry.
Overall, banks in the second quarter saw bigger increases in non-interest income on a year-over-year basis due to trading activities, asset sales and fee income, the OCC said.
The increase was mainly driven by the top five U.S. banks - JPMorgan Chase (down $0.19 to $46.96, Charts), Citigroup (down $0.26 to $49.67, Charts), Bank of America (up $0.05 to $53.57, Charts), Wachovia (up $0.16 to $55.80, Charts) and Wells Fargo (up $0.06 to $36.18, Charts).
Over the last several years, banks have increased the real estate portion of their loan portfolios, with big banks having increased loans in residential properties while smaller banks have increased commercial real estate loans.
http://money.cnn.com/2006/09/29/news/companies/banks_housing.reut/index.htm?postversion=2006092917
AT least the are all white males, so you can critize and find fault and be free of racist statements.
The LA Times now says it's safe to laugh at home debtors
"“So I guess it’s official: The real estate market is tanking. If you’re a renter, you now have permission to be as self-satisfied as the homeowners who once taunted you with their dizzying appreciation rates. As for us owners, we can just cover our ears and sing ‘Correction! Correction! I can’t hear you!’ until things start looking up again. Call it a correction or call it a crash. Either way, the party’s over.”"
hahaha nah nah nah nah!
http://www.latimes.com/news/opinion/la-oe-daum30sep30,0,356387.column?coll=la-opinion-center
Didn't Michael Moore have a book titled "Stupid White Men"?
The pedophile faggot child-molesting queer homosexual Mark Foley is representative of all the Republicans now in power.
Anonymous said...
The pedophile faggot child-molesting queer homosexual Mark Foley is representative of all the Republicans now in power.
Don't hold back tell us how you really feel about the GOP...
Great montage!
Gee, you open minded liberals are sure tough on someone other than your own!
You A**holes allow every perversion known to man in your party, but when the other side does it ..........it's bad!
Hypocrites
Ted Kennedy The swimmer!
Bill Clinton Cigar aficoanado!
William jefferson Thief
Hillary Just F'd up
Jesse Jackson shakedown man
Ya know, a party based on abortion rights, gay rights, gay marriage, welfare, free healthcare, sex education or sexual indoctrination for the very young.....doesn't a party make!
As the GOP party knowingly harboured a gay pedophile hoping to keep the political seat does that not make them guilty of a federal crime?
Even if not illegal, the GOP congress was protecting a gay pedophile for political gain with yet another attempted cover-up.
I'd like some GOP person to post have they can possible justify voting for any of these people?
For those of you republicans with children let me repeat that:
FACT: The GOP party knowingly harboured a gay pedophile for political gain.
I know if you are a GOPer your IQ is probably not that great so in other words:
FACT: The guy you voted for tried to cover up a gay pedophile so that he could stay in power, so what is some kid gets rapped, at least your Christian Conservative GOP Representative stays in power.
REPUBLICANS ARE ALL HOMO PEDOPHILES!
The Republican leadership who harbored this criminal, and allowed him to continue to poach young male pages, is just as bad as the catholic church who did the same with the gay priests in the 1990s
shame
With all this talk of homosexuals, I think There is an anonymous among our ranks that is getting excited.
Lucky for Keith, I here he hasn't gotten laid in 2 years.
Take it easy on the fags. For most it is an illiness thrust upon them. But we must remember these ill people have the disre to spread their sikness to childern.
We need a program where we with best wishes commit these ill people to a hospital until their cure cn be found.
Isolation from youths is the only way to break the cycle
"Take it easy on the fags. For most it is an illiness thrust upon them" bwahahahahaha
he said "thrust" upon them, thats not the only thing "thrust" upon them, get it hahahahahahaha.
fags. bwahahahahaha.
oh, and while it may be local and not have anything to do with housing there's a story out of south florida sun-sentinel.com or palmbeachpost.com about 2 priests which stole over 8 million from their catholic church over 40 years to buy pubs in ireland, have girlfriends and just about anything else they wanted.
so, i pose this question HPers, who is more corrrupt, the REIC, GOP or Catholic Church?
From Jim Sinclair’s MineSet
“Quis custodiet ipsos custodies qui-tacet consentit”
(Who is guarding the guards?)
"so, i pose this question HPers, who is more corrrupt, the REIC, GOP or Catholic Church? "
Catholic Church most corrupt. It is run by Satan. Satan's first lie to Adam and Eve: "go ahead - eat the apple - you won't die - you'll be just like God".
Satan uses the Catholic Church to promulgate this lie and many others. True Christians are not Catholics. True Christians believe the Bible. Catholics make sh*t up out of thin air.
The Catholic Church (CC) teaches that when you die, you go to heaven (or hell).
True Christians (TC) teaches that death is the cessation of life and a resurrection is necessary. Death is like sleep. John 11:9-16
CC says people go to heaven.
TC know that no one has gone to heaven.
John 3:13 And no man hath ascended up to heaven, but he that came down from heaven, even the Son of man which is in heaven.
1 Thessalonians 4:16 "...dead in Christ will rise first" (why would the dead need to rise if they are floating around in heaven?)
Couple of small examples. But these are the big lies - the ones that, if believed, blind one to the real plan of God. You can't see God's real plan for mankind if his real plan involves raising people from the dead and you don't believe you will die. Bottom line is that the CC is one big lie from top to bottom. It is Satan's work on this earth. It is the "false church" spoken of in the Bible. Those who sincerely want to know
God's plan would be wise to believe what the bible says and not read EXTRA stuff into it.
So, given those 3 choices, the Catholic Church is the most corrupt because it lies about things that most profoundly affects people regardless of real estate or politics.
In summary: do not believe anything the Catholic Church has to say about anything including the future of real estate.
Oh yeah, like Barney Frank!
Opps, he's a Dem
From the party of Gay Rights and marriage and abortion on demand!!!!
Great party ya'll
NAMBLA!!!
That's right another Dem sponsored group!!!!!!!!!!
ReNAMBLAcons, the party that freed the slaves and lowers your taxes.
NAMBLA!!!
That's right another Dem sponsored group!!!!!!!!!!
------------------
Boy Scout Leaders have no party affiliation/
Speaking of little boys wonder what happen to that republican scum they caught looking at K-porn who worked at the national hurricane center?...he must be the one out with Anonymouse's wife.
A guy who worked on the same floor as I went missing. Then the police came asking questions where he went and who knew where to find him. We were learned that he was wanted for kiddie porn and child rape. This guy was a total W supporter and republican with stickers all over his car and little tributes to Bush all over in his cubicle. We weren't really surprised given his republican credentials that he would rape a child though.
The reason republicans are against abortion is clear. They want more children around to increase their choice of which of them to molest and photograph. Less abortion means more child molesting and more kiddie porn which make republican men very happy and satisfied.
Interesting observation Shakster, to summarize( because your post is hard to read): Gas is cheaper now because demand is much less. Demand is much less because housing is crashing and MEW is declining.
the oil price decline has kick started program trading on the dow and nasdaq, thus we are hitting highs. i cant believe the retail investor has any $$ leftover to put into the corrupt market, regardless of how loud cramer screams.
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