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Suddenly, Things Are Going “Terribly Wrong” for the Big Banks
Daily Ticker/Yahoo Finance ^ | 3/18/13 | Aaron Task

Posted on 03/18/2013 11:21:46 AM PDT by Kartographer

In fact, U.S. stocks might be solidly in the green now if it weren’t for another development that bears watching: Weakness in financials.

Monday's slide is also being attributed to Cyprus, which has revived fears of "contagion" emanating from Europe and the related counterparty risk faced by banks. But bank stocks were under pressure before the Cyprus "bail in" hit the headlines.

Starting late Thursday, the financials had a really bad weekend when a Senate report found JPMorgan had misled regulators (and investors) in its disclosures surrounding the now infamous London Whale trade.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy
KEYWORDS: bigbanks; cyprusbailouttax; cyprusconfiscation; toobigtofail
Don't miss this:

Why the Cyprus Bail In Is a Bigger Deal Than You Think

http://finance.yahoo.com/blogs/daily-ticker/why-cyprus-bail-bigger-deal-think-141844378.html

1 posted on 03/18/2013 11:21:46 AM PDT by Kartographer
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To: Kartographer

http://finance.yahoo.com/blogs/daily-ticker/why-cyprus-bail-bigger-deal-think-141844378.html


2 posted on 03/18/2013 11:22:02 AM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

I’ve lost count of how many times something like this has happened while a (financial IT) proposal of mine is being reviewed...


3 posted on 03/18/2013 11:29:31 AM PDT by Nomedeplume
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To: Kartographer

With banks having to cough up protection money to the federal government, it’s dicey to have to run a bank not knowing what regulations are being written in the notorious Dodd-Frank debacle.


4 posted on 03/18/2013 11:30:50 AM PDT by txrefugee
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To: Kartographer

There is nothing ‘suddenly’ about it- they knew, and as good Obamabots they went along with the illusion that things were OK


5 posted on 03/18/2013 11:31:11 AM PDT by Mr. K (There are lies, damned lies, statistics, and democrat talking points.)
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To: Kartographer

If bad news in Cyprus is hurting markets in the US, there’s something wrong.


6 posted on 03/18/2013 11:44:33 AM PDT by demshateGod (The fool hath said in his heart, There is no God.)
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To: demshateGod

When somebody sneezes, everybody catches cold.


7 posted on 03/18/2013 11:46:16 AM PDT by dfwgator
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To: dfwgator; demshateGod

Why the Cyprus Bail In Is a Bigger Deal Than You Think

http://finance.yahoo.com/blogs/daily-ticker/why-cyprus-bail-bigger-deal-think-141844378.html


8 posted on 03/18/2013 11:49:07 AM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

I’ll tell you why it’s a bigger deal than anyone thinks.

Russia will bail out Cyprus, in order to gain a Navy Base there. That flips the whole security situation in Europe and the Middle East on its very head.


9 posted on 03/18/2013 11:52:28 AM PDT by dfwgator
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To: Kartographer

The Marxists can prop up the illusion of “everything’s alright” for only just so long. When the real unraveling begins, not even their “ministry in information” will be able to cover for them.


10 posted on 03/18/2013 11:52:33 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: Kartographer

I just read that. I agree it’s a big deal, and there’s something wrong with that.


11 posted on 03/18/2013 11:59:13 AM PDT by demshateGod (The fool hath said in his heart, There is no God.)
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To: Kartographer

I think a too-big-to-succeed tax should be imposed on our largest banks. For example, a tax of 1.0% on bank assets that exceed one billion dollars would give our largest banks a financial reason to “shrink”.

And then, I think we need to slowly raise the tax rate while reducing the amount of assets exempted from that tax.

This would reduce the risk to our taxpayers while allowing the bankers themselves to decide what types of business they need to cut.


12 posted on 03/18/2013 12:03:04 PM PDT by pfony1
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To: dfwgator

Or China will bail them.


13 posted on 03/18/2013 12:10:41 PM PDT by B4Ranch (When democracy turns to tyranny, we still get to vote. We just won't use voting boxes to do it.)
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To: B4Ranch

I think Russia has been orchestrating this for years.


14 posted on 03/18/2013 12:13:07 PM PDT by dfwgator
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To: Kartographer

Not U.S. banks. More disinformation.


15 posted on 03/18/2013 12:14:55 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: B4Ranch

Russia already has once. The loaned them 2.5 billion I think.


16 posted on 03/18/2013 12:15:17 PM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: MeneMeneTekelUpharsin

Lehman ... Bear-Stearns ... M.F. Global ... tick ... tick ... tick ...


17 posted on 03/18/2013 12:37:42 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: demshateGod

ben burnandyankme at the FED poured over EIGHT TRILLION of our future tax dollars into EU banks over the past 5 years... the first ever audit of the Federal Reserve found this out. THAT is just part of what is “wrong”.

LLS


18 posted on 03/18/2013 12:57:09 PM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: LibLieSlayer

You are right....that is the sickening part. I see a revolt coming. How much longer are we gonna take this?


19 posted on 03/18/2013 1:21:08 PM PDT by w4women ("I believe the very heart and soul of conservatism is libertarianism" - Reagan)
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To: LibLieSlayer
ben burnandyankme at the FED poured over EIGHT TRILLION of our future tax dollars into EU banks over the past 5 years... the first ever audit of the Federal Reserve found this out. THAT is just part of what is “wrong”.

And the US cannot recover after bailing the Euro banks out. Too much of a financial hit. Just not possible. That is why the feds are buying guns, not butter.

20 posted on 03/18/2013 1:56:56 PM PDT by justa-hairyape
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To: Kartographer
Most of the accounts are held by Russians.

The rest is comprised of many Muslims and other out-of-towners who took advantage of European policies to make money on real estate. I don't see much of a problem with this action.

I find that Daily Ticker hyper-ventilates often. They make mountains of molehills more often than not.

21 posted on 03/18/2013 2:10:53 PM PDT by Justice
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To: Justice

Why the Cyprus Bail In Is a Bigger Deal Than You Think

http://finance.yahoo.com/blogs/daily-ticker/why-cyprus-bail-bigger-deal-think-141844378.html


22 posted on 03/18/2013 2:36:09 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

The furious response along with death threats from KGB Russkie gangstery types is causing furious backpedaling already.

I actually think the ECB has stepped on their own bratwurst.


23 posted on 03/18/2013 4:43:28 PM PDT by darth
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To: justa-hairyape

I fear you may be correct.

LLS


24 posted on 03/18/2013 6:48:29 PM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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