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23 Resources for

craig brown and financial

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Negative Statistics Don't Point to a Bottom Just Yet
FinancialSpiltMilk submits: Let me begin by saying that for now I am continuing to report negative news. I do it because the stats I think are important are not yet pointing to a bottom. I think they will look better perhaps late this year or early next, but they...
Tags: US Market, Financial, Craig Brown, HSBC Holdings Plc.
External links 2009-04-05
Data Will Win in the Long Run
FinancialSpiltMilk submits: Yves at Naked Capitalism, likely in the interest of a balanced approach, today presented some competing posts; one that sees a recovery in place and one that questions the green shoots we are seeing. I link them both here: Both are well written and worth the read....
Tags: US Market, Financial, Craig Brown
External links 2009-06-10
Individuals May Be Deleveraging, but the Nation Isn't
FinancialSpiltMilk submits: This post from OptionARMageddon has some rather sobering charts. While individuals are deleveraging, the first chart shows that we as a nation are still increasing overall debt. Now before you start talking about how we can handle it because it is all relative, check out the...
Tags: US Market, Financial, Craig Brown
External links 2009-06-12
Trouble for Retail and U.S. Banks
FinancialSpiltMilk submits: I have decided to do a weekend piece and take some more time to put together a somewhat more informative piece. Trying to do something informative daily is too tasking and too limiting, so this is the first of what I expect to be a two to...
Tags: Retail, Financial, Craig Brown
External links 2009-06-21
This Bear Market Rally Is Overdone
FinancialSpiltMilk submits: Well, don't blame me when it happens. I am reading a lot of articles on how this is a bear market rally and it is over done. I have been saying this for weeks and I am bored with my repetition, so let me tell you how...
Tags: US Market, Financial, Craig Brown
External links 2009-04-12
Stress Tests Are in Fact Causing Stress
FinancialSpiltMilk submits: I wrote a couple of posts last week questioning whether the government stress tests were really going to test the banks. Word today is that at least a few of the 19 banks being tested will likely need to raise new capital - though they are protesting...
Tags: Financial, Craig Brown, Bank of America Corp., Citigroup Inc.
External links 2009-04-29
Underemployment Is the Problem
FinancialSpiltMilk submits: It was a crazy week in the market - especially in my portfolio. I was up around 20% in just two days earlier in the week only to lose most of that gain the last two days of the week. My one equity holding fluctuated over 100%...
Tags: US Market, Financial, Craig Brown
External links 2009-09-06
Goldman Should Give Back to Taxpayers - One Way or Another
FinancialSpiltMilk submits: Finally, an honest banker among the big boys. Okay, he is retired, but that makes him a tad less biased, and as a former Chairman of Citigroup C, the guy has major street cred and mojo, whatever that means. In any event, he agrees with Volcker -...
Tags: Financial, Craig Brown, American International Group Inc., Goldman Sachs Group Inc.
External links 2009-10-28
Bank Failures: 115 and Counting
FinancialSpiltMilk submits: If my count is right and nothing more happens this evening, the FDIC took down 9 more banks today and I believe that is 115 for the year. Three or four years back we had zero closures for the year. Quite the change. Not S&P crisis levels...
Tags: Financial, Craig Brown, Fannie Mae, Freddie Mac
External links 2009-10-30
Helloooo Moral Hazard
FinancialSpiltMilk submits: So I am mega-bank and investing in all sorts of toxic assets. All of a sudden the rug is pulled out from under me and everything I have invested in bet upon turns out to be pretty much worthless. Fortunately, my good friend from Goldman Sachs GS...
Tags: Financial, Craig Brown, American International Group Inc., Goldman Sachs Group Inc.
External links 2009-08-12
AIG Talks, the Market Walks Away
FinancialSpiltMilk submits: One thing for sure, if AIG says to go left, I say right. If they say up, I go down. If they things are doing well, I sell left and right. This is a company that spent the better part of a century building up $100 billion...
Tags: Financial, Craig Brown, American International Group Inc.
External links 2009-08-21
Let the TARP Games Begin
FinancialSpiltMilk submits: When Geithner announced his plan, which I refer to as TARP II, one of my earlier thoughts was that if I were the banks with the toxic assets, I would form a plan to bid on each other's paper. With the government taking 93% of the downside...
Tags: US Market, Financial, Craig Brown, Citigroup Inc.
External links 2009-04-03
Citigroup and Bank of America: The Right Move and the Wrong Move
FinancialSpiltMilk submits: Friday provides two fine examples of the right and the wrong way to deal with the mess that financial companies have created for themselves. First, the right way. Citigroup C has announced that it is splitting itself up and selling off some pieces. Imagine that, it is...
Tags: BG Group plc, BP Plc, Citigroup Inc., Craig Brown, F.C.C. Co. Ltd., Financial, TNK-BP
External links 2009-01-18
British Banks Technically Insolvent, But Recovery Still a Long Way Off
FinancialSpiltMilk submits: The banking problems are by no means isolated here. Britain has a host of its own problems. One of its own, [[RBS]], is noting that a number of the major British banks are technically insolvent. As Yves, at Naked Capitalism, aptly notes, it would be good if...
Tags: Financial, Craig Brown
External links 2009-01-18
More Housing Pain on the Way
FinancialSpiltMilk submits: When someone intricately tied to housing says he expects prices to fall another 29% in 2009, he gets your or at least my attention. David Crowe of the National Association of Home Builders said it. Usually those in the industry try to give a bias in the...
Tags: US Market, Financial, Craig Brown
External links 2009-01-21
Who Can Lenders Trust?
FinancialSpiltMilk submits: That is the question of the day when it comes to lending activity. What Buffett once referred to as financial weapons of mass destruction seem to have a very long half life. Right up there with uranium. Until the derivatives mess has played out and companies know...
Tags: Financial, US Market, Craig Brown
External links 2008-12-31
MBS Purchase Plan: Bad News
FinancialSpiltMilk submits: All I can say is this is bad news, as far as I am concerned. Purchasing half a billion in mortgage backed securities from those that brought us here is not inspirational, even if you have some smart people managing the process. And if you believe the...
Tags: US Market, Financial, Craig Brown
External links 2008-12-31
10 Stupid Moves That Created This Mess
FinancialSpiltMilk submits: 1. Securitized Debt. Call it mortgage backed securities, CDOs, CDOs squared, CDOs cubed, CDOs quadrillionthed or whatever, but the process of those underwriting the risk not keeping the risk led to, well, lots of risk. All was fine and well while housing continued to climb, or at...
Tags: US Market, Financial, Craig Brown
External links 2009-01-01
So Long, Royal Bank of Scotland
FinancialSpiltMilk submits: The Royal Bank of Scotland RBS is on the chopping block. It will be split into a good bank and bad bank with hundreds of billions of pounds of toxic assets to be sold off for pennies on the dollar - and the vultures are lining up....
Tags: Financial, Craig Brown
External links 2009-02-23
Does Obama Have a Secret Plan?
FinancialSpiltMilk submits: A bit of wishful thinking on my part, but I think that Obama may have a secret plan. Let's just say that we as a people had a "culture" that allowed us to nationalize banks. If we were going to do it, how could the government announce...
Tags: US Market, Financial, Craig Brown
External links 2009-02-15
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