gov good news==> gov and bank pump up stocks==> high stock prices + pony stress test results==> banks are busy for offering IPOs (GS 5B, right after stress test, wfc 7.5b, MS 3.5b). ==> mission accomplished.
no wonder Ben said no need for congress to approve more taxpayers money :).
what a manipulated market! Once banks and gov get what they want, 散户 need to be careful.
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mission completed! changing rule of accouting works!
来源: pediatrician2 于 09-04-09 19:38:31 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]
8226; 金桥贷款 conf 30fixed 4.875% No Closing Cost Email: efloans@gmail.com or call Eric @650-483-9278
that trick really works, thanks lord. Gov should have changed the rule of accouting long time ago? WFC wrote down 6 billions in previous quarter. Obviously, the current quarter (1st quarter of 2009 is worse than the previous one in terms of real estate). However WFC only writes down 3 billion this quarter!
magic! Should WFC write down 6b this quarter, its profit is zero.
Well WFC may indeed make a lot of money from refi though. those people in traditional 417k range get really good rates.
WFC typically has highest mortgage rate. If WFC makes a lot of money from writting loans, this may mean other banks may do better.
pump up bank stocks, attract capitals from investors both domestically and internationally. Mission accomplished.
highly coordinated attack
pediatrician2 (2009-05-08 07:45:15) 评论 (3) gov good news==> gov and bank pump up stocks==> high stock prices + pony stress test results==> banks are busy for offering IPOs (GS 5B, right after stress test, wfc 7.5b, MS 3.5b). ==> mission accomplished.
no wonder Ben said no need for congress to approve more taxpayers money :).
what a manipulated market! Once banks and gov get what they want, 散户 need to be careful.
==============
mission completed! changing rule of accouting works!
来源: pediatrician2 于 09-04-09 19:38:31 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]
8226; 金桥贷款 conf 30fixed 4.875% No Closing Cost Email: efloans@gmail.com or call Eric @650-483-9278
that trick really works, thanks lord. Gov should have changed the rule of accouting long time ago? WFC wrote down 6 billions in previous quarter. Obviously, the current quarter (1st quarter of 2009 is worse than the previous one in terms of real estate). However WFC only writes down 3 billion this quarter!
magic! Should WFC write down 6b this quarter, its profit is zero.
Well WFC may indeed make a lot of money from refi though. those people in traditional 417k range get really good rates.
WFC typically has highest mortgage rate. If WFC makes a lot of money from writting loans, this may mean other banks may do better.
pump up bank stocks, attract capitals from investors both domestically and internationally. Mission accomplished.