Comments on: Bank Losses: Half Trillion and Counting http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 21:16:44 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Bullish Bankers http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100657 Bullish Bankers Fri, 15 Aug 2008 05:07:30 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100657 Putting it all into perspective, we are probably going to see a bit more activity from the writedown side of things. I feel like the credit crisis is still being under-estimated and the banks have a long road for recovery ahead. This recent stock-buying activity is nice for the overall markets though, eh? :) Putting it all into perspective, we are probably going to see a bit more activity from the writedown side of things. I feel like the credit crisis is still being under-estimated and the banks have a long road for recovery ahead.

This recent stock-buying activity is nice for the overall markets though, eh? :)

]]> By: Lynn http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100656 Lynn Thu, 14 Aug 2008 22:48:34 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100656 The list doesn't include AIG ($13 Bn) and Ambac Financial Group ($8.3 Bn). Neither of these is a bank, but both have incurred huge writedowns. The list doesn’t include AIG ($13 Bn) and Ambac Financial Group ($8.3 Bn). Neither of these is a bank, but both have incurred huge writedowns.

]]> By: patfla http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100655 patfla Thu, 14 Aug 2008 00:25:33 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100655 Actually when I added up the list here: http://bankimplode.com/blog/category/writedowns-and-distress/ I got over $1 trillion. Of course one can argue with its methodology. But it was nevertheless fascinating to click on each institution and see, say, its Level III assets. Actually when I added up the list here:

http://bankimplode.com/blog/category/writedowns-and-distress/

I got over $1 trillion.

Of course one can argue with its methodology. But it was nevertheless fascinating to click on each institution and see, say, its Level III assets.

]]> By: GB http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100654 GB Wed, 13 Aug 2008 21:01:44 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100654 Hmmm I wonder if they are having trouble loaning to their buyers. http://www.ft.com/cms/s/0/01d4ea10-68ce-11dd-a4e5-0000779fd18c.html Hmmm I wonder if they are having trouble loaning to their buyers.

http://www.ft.com/cms/s/0/01d4ea10-68ce-11dd-a4e5-0000779fd18c.html

]]> By: GB http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100653 GB Wed, 13 Aug 2008 18:42:53 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100653 Kind of on topic. The first guy to pay without paper money. http://www.wtop.com/?nid=456&sid=1458958 I won't point out that he obviosly trusts money in a computer server if he wrote a check for the other half of it. lol. Kind of on topic. The first guy to pay without paper money.

http://www.wtop.com/?nid=456&sid=1458958

I won’t point out that he obviosly trusts money in a computer server if he wrote a check for the other half of it. lol.

]]> By: MiningOilGasGuru http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100652 MiningOilGasGuru Wed, 13 Aug 2008 17:17:51 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100652 This is a very revealing chart. Hard to believe there are more write downs coming. Great post. This is a very revealing chart. Hard to believe there are more write downs coming.
Great post.

]]> By: Rodney http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100651 Rodney Wed, 13 Aug 2008 16:58:45 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100651 The same institutions with large losses are having to repurchase the Auction Rate Securities from client using the liquidity they generated by diluting shareholders. With that new liquidity gone, will these institutions be able to raise even more funds? The same institutions with large losses are having to repurchase the Auction Rate Securities from client using the liquidity they generated by diluting shareholders. With that new liquidity gone, will these institutions be able to raise even more funds?

]]> By: DrFox http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100650 DrFox Wed, 13 Aug 2008 14:38:43 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100650 Hi Barry, What really impress me is that Citi alone is 10% of all the loss. Add to that the Pareto Law, the six first banks alone represente more than 200 Milions. That is what I would call good risk managment. :) Lol from Brazil Hi Barry,

What really impress me is that Citi alone is 10% of all the loss.

Add to that the Pareto Law, the six first banks alone represente more than 200 Milions.

That is what I would call good risk managment. :)

Lol from Brazil

]]> By: Jeff http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100649 Jeff Wed, 13 Aug 2008 14:38:31 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100649 Cramer's article on his site talking about the importance of "rules". Is he serious with this stuff or merely being a comedian? "Rules" tilted towards he and his buddies are most always welcome but when it comes to "rules" that would protect those outside of his inner circle - not so much. The sheer hypocrisy of his article about "rules" is breathtaking. Cramer’s article on his site talking about the importance of “rules”. Is he serious with this stuff or merely being a comedian? “Rules” tilted towards he and his buddies are most always welcome but when it comes to “rules” that would protect those outside of his inner circle – not so much. The sheer hypocrisy of his article about “rules” is breathtaking.

]]> By: Mark http://www.ritholtz.com/blog/2008/08/bank-losses-half-trillion-and-counting/comment-page-1/#comment-100648 Mark Wed, 13 Aug 2008 14:29:54 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/bank-losses-half-trillion-and-counting/#comment-100648 It seems that the greedy parasites will continue to thrive while the country as a whole is going down the drain. It seems that the greedy parasites will continue to thrive while the country as a whole is going down the drain.

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