Posted on 10/10/2008 6:56:45 PM PDT by Poopyhead
The market is killing banks right now because the market no longer believes balance sheets. There are good banks pegged with this bias at unbelievable bargains. Look at preferred stock values - paying dividends close to 30%. There are still solid regional and national banks if you have guts. This will not last for long: GO GO GO
Can you name names?
Name some names.
I’m in Indexed Universal Life and I never make less than 1%. I have averaged 9.61% tax free for 25 years with an A rated comopany and I have a death benefit. Thanx anyway. I’m just watching all the wailing and gnashing of teeth.
The Great American Yard Sale begins.
At least Uncle Sam is buying too. LOL.
;o)
Name names, or stop wasting our time.
Be careful trying to catch a falling knife...
“”I’m in Indexed Universal Life and I never make less than 1%. I have averaged 9.61% tax free for 25 years with an A rated comopany and I have a death benefit.””
Is this Midland National? If so, their Fitch rating was July 2. A lot has happened since then.
I’m waiting for the credit market to stabilize. When I see the TED, which is still blowing out,
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND
hook over and come down to 100 basis points or less, and Goldman Sachs are a footnote in history,
I’ll start looking at a long-term indicator that Karl Denninger uses. It’s still way too early.
No it’s Old Mutual. I take out money every year to supplement my pension, no tax. I also have a death benefit and it’s good til I’m 110, which will most likley not happen.
Lst I looked OM was running 1.59 to 1 assets over policy liabilities.
“Name names, or stop wasting our time.”
Hostility, I like it.
I have NO inside info, but for example - Keybank is not a bank wit zero exposure, but their preferred might be worth a look. 26% yeild on Key.A currently. Their is a significant default risk priced into this, obviously. How much of that is just an industry attribution error, I don’t know.
The fact remains that many banks have neither subprime nor CDS exposure.
No you haven't.
self ping
er.... there not their.
The last time I saw percentages like that was during the s&l crisis and every institution that had sky high payouts was gone in just a few months... see it for what it is ,, a dying unsustainable gasp to bring in capital.
Really. I guess my insurance policy was just a fantasy and Old Mutual is guilty of fraud and the money I receive every year is just monopoly.
Freep mail me a fax number or e-mail address and I’ll send you the numbers. But only if you agree to publicaly apologize and admit that you were wrong within 1 hour.
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