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The "up-to-the-minute Market Data" thread

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posted on Apr, 24 2009 @ 05:48 PM
reply to post by Vitchilo
we're getting there...slowly but surely...

Did you catch the Credit union earlier?

Eastern Financial Florida Credit Union Placed In Conservator ship

Now that's a scary one...CU's are SUPPOSED to be a lot safer...

So "they" say...

Fed says gov't ready to save stress-tested banks

WASHINGTON – The Federal Reserve on Friday said the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession worsened sharply. The Fed, in outlining the tests' methodology, said the 19 companies that hold one-half of the loans in the U.S. banking system won't be allowed to fail — even if they fared poorly on the stress tests.

The Fed reinforced its view that major financial firms are "too big to fail," and the government must do whatever is necessary to save them, said former Fed examiner Mark Williams.

"It appears 'too big to fail' is a fundamental philosophy — it's a philosophical principle," said Williams, a finance professor at Boston University.
More at Link...

[edit on 4/24/2009 by Hx3_1963]

posted on Apr, 24 2009 @ 06:15 PM
ANOTHER! 3 banks!

First Bank of Beverly Hills, Calabasas, California Cost: 394 millions $

3 banks... 507.2 millions $... down the drain... or 1.68$ per person! YAY.

posted on Apr, 24 2009 @ 06:41 PM
reply to post by Vitchilo
Star 4 U!

Dang it you beat me...

I was distracted...really...

Guess this will have to do now...

Big Countries Have Restricted Trade: World Bank

posted on Apr, 24 2009 @ 07:12 PM
I'll beat you again!

4th bank!

U.S. Bank, Minneapolis, Minnesota Cost: 191.2 millions $

This is getting expansive... 698.4 millions $ this week... or 2.31$ per person...

New funds will be requested for the FDIC soon? But probably not, they will bailout the banks until the US dollar collapse.

The only way to stop those bailouts would be to call China and ask them to stop buying Us treasuries or force the US government to use that money for everything BUT bank bailouts. Otherwise, Obama is gonna pay his buddies until hell freeze over.

[edit on 24-4-2009 by Vitchilo]

posted on Apr, 24 2009 @ 07:16 PM
reply to post by Vitchilo

i realize you guys are just having fun at a bad situation, and its making me chuckle, Im hoping for another bank to go under now, to see who "gets" it first

posted on Apr, 24 2009 @ 08:12 PM
reply to post by Hx3_1963

That is why the markets will hold as long as the US federal reserve and the Treasury department back this zombie banks up.

The problem is when the money put in the black hole that they has become will never be enough.

posted on Apr, 24 2009 @ 08:56 PM

Originally posted by Vitchilo

4th bank!

U.S. Bank, Minneapolis, Minnesota Cost: 191.2 millions $

The failed bank had seven offices in Idaho and Wyoming. All seven offices will reopen on Monday as branches of U.S. Bank. Depositors of First Bank of Idaho will automatically become depositors of U.S. Bank. The two drive-up windows with Saturday hours will reopen tomorrow and operate under normal business hours.

The article news doesn't mention which drive-up window is for GM cars and which one is for Chrysler-made cars. That make cause a disorderly drive on the bank.

posted on Apr, 24 2009 @ 09:04 PM
sorry duplicate

[edit on 24-4-2009 by spinkyboo]

posted on Apr, 24 2009 @ 09:08 PM

Fri 4-24-2009

Carrier Corporation -140
Scientific American Magazine -21
Holland, MI Public School System -30
XL Foods (Canada) -200
Caterpillar (NYSE:CAT) Research and Development Group -103
St. Bernard, OH School District -10
Chicago Tribune lays off their recession reporter
Peabody, MA School District -7
International Textile Group -100
Medtronic, Inc (NYSE:MDT) -240
WHYY-FM, Philadelphia PA -17
Embarq Corp (NYSE:EQ) -51
Sumitomo Electric Wiring Systems -79
L.L. Bean -200
Citigroup (NYSE:C) Private Equity Fundraising Group -45
Wells Fargo (NYSE:WFC) pink slips i-banking unit -150
Hawthorn, IL School District -23
Convergys Call Center -240
Clearwater Paper Corp. temporary layoffs (NYSE:CLW) -50
Tejon Ranch Corp (NYSE:TRC) -9
Springfield, OH City Schools -26
Lucia Mar, CA Unified School District -56
Bridgewater-Raynham, MA School District -11
TrinityRail North American Freight Car -659
Wauseon, OH School Board -8
National Public Radio -13
Rialto, CA Unified School District -93
Apple, Inc. Retail Stores -1,600
enton, MI School District -14
Cessna -2,800
Columbus McKinnon Corp. -105
Anderson, IN Community Schools -70
YUSA Corporation -200
Wentville, MO GM Plant permanent layoffs -300
Steuben Glass -20

TOTAL - 7,670+

Mass layoffs in Germany could spark social unrest
Unemployed French workers kidnapping their bosses as labor protests spiral out of control
Roubini predicts double digit U.S. unemployment by Q4'09

The threat of no job and the bird, swine, human flu....
What a day ~ What a day ~

posted on Apr, 24 2009 @ 09:12 PM
reply to post by marg6043


These companies earned less money. They did not have huge losses. They expect to make money all year.

3M reported profits of $518 million for the first quarter of 2009. They expect profits of around $3 billion for the year.

3m earnings report

Honeywell made $397 million and expects to make around $2.3 billion for the year.

Honeywell Earnings

Do you even realize you are posting outright lies? If not, then maybe you should give up on the financial commentary business. If you do realize it, then you should be banned from this site.

posted on Apr, 24 2009 @ 09:28 PM

Originally posted by marg6043
reply to post by redhatty

If that is true then there goes the unemployment rates again, because low profits means more people that will lose their jobs so this big companies can survive.

Yesterday was UPS this means thousands of jobs in the line we are losing jobs at an alarming rate along with this companies.

Its becoming very scary out there in main street america.

[edit on 24-4-2009 by marg6043]


UPS had $719 million in operating profit and produced $1.9 billion in cash flow after paying dividends of $449 million for the three months ending March 31, 2009.

UPS Earnings report

posted on Apr, 24 2009 @ 09:38 PM
reply to post by Hx3_1963

Credit unions are not suppose to be safer. Credit unions work just as a bank but the depositors split the profits.

Note that all these banks have more assets than liabilities. If they spent only a portion of the money it costs to bailout these banks, to give them short term liquidity instead, then they wouldn't have any losses at all. Instead they gut them and sell the assets at low ball values thus subidizing another larger bank. FDIC closings are a dirty racket.

posted on Apr, 24 2009 @ 09:42 PM
reply to post by disgustedbyhumanity

IMF in Final Stages of Designing Its First Bond
Brazil, China and Russia Consider IMF's First Bond Offering

WASHINGTON -- The International Monetary Fund is finalizing plans for its first bond offering and lining up Russia, China and Brazil as potential purchasers, said officials gathered for an IMF meeting.

Brazil, China, Russia and India -- the so-called BRIC countries -- met Friday, in part, to hash out a common position on terms they want to see in such a bond, said Brazilian Finance Minister Guido Mantega. Brazil plans to buy the bonds, he said, to contribute to the quadrupling of IMF resources to $1 trillion.

A new bond "is an important instrument" to help the IMF "meet the capital needs of emerging countries," said Mr. Mantega, who would not estimate how much Brazil planned to buy.

posted on Apr, 24 2009 @ 09:47 PM
reply to post by Hx3_1963

So basically they established themselves as the bank of the world by issuing bonds? ... yeah no world government there at all.

posted on Apr, 25 2009 @ 02:42 AM
Next week is going to be an UP week, too. And the following week also.
Then you can talk doom and gloom until the Summer Solstice.

posted on Apr, 25 2009 @ 03:29 AM
reply to post by THX-1138

I'm afraid on the one hand you deride, while on the other you fail to respond when challenged to provide evidence that the fundamentals of the economy are improving.

All points of view are welcome. But don't be surprised if those who back up their comments and predictions with evidence relating to profit/loss accounts, company bankruptcies, lay-offs, the viability of the banking system, the strength of trading partners, etc., take a pessimistic view of the current situation.

Calling 'doom & gloom' while failing to provide evidence to the contrary (other than a short-term stock market rally - which is not the basis of a strong economy, to put it mildly,) leaves you exposed to accusations of bias.

posted on Apr, 25 2009 @ 03:43 AM
It is not fundamental.

There is a cycle that business responds to.

The market makes the business, not the other way around.

You can armchair quarterback it all you want after the fact.

posted on Apr, 25 2009 @ 04:16 AM
reply to post by Vitchilo

first bank of beverly hills is insolvent isnt that where jed clampet had all his money had 80 million in there in the 60s managed by ms hathaway certainly milton drysdale didnt take out a second mortgage on the place did he maybe ellie mae bought some exotic critters with all the money

posted on Apr, 25 2009 @ 04:37 AM
reply to post by THX-1138

It is not fundamental.

If you do not believe an economic downturn which even major western governments are admitting is the biggest since at least the second world war is fundamental you have your head in the sand.

There is a cycle that business responds to.

Economic growth and decline is indeed cyclical, though the depth of these phenomena is hugely impacted by government policies and monetary intervention. To put it bluntly, the more foolhardy the policies pursued, the greater the danger of devastating the very economy the government is attempting to boost. (Thus funding government spending in terms of health care, military expenditure, etc., etc., through excessive borrowing, or encouraging growth through the imposition of artificially low interest rates both store up trouble for the future.)

Where governments miscalculate with respect to these basic judgements you can expect a lot more trouble than with general fluctuations.

The market makes the business, not the other way around.

You seem to be implying that the stock market drives business, as you are responding to my point about how a stock market rally is not the basis of a strong economy. If so - poppycock. Stocks and shares are simply a reflection of investors' confidence that commodities and businesses will increase in value.

You appear to have confused 'the market' in terms of 'demand' with 'the stock market'. And seeing as demand is currently contracting in most sectors of the economy at an alarming rate, that is precisely what the so-called 'doom & gloom'-ers are pointing to! Demand for goods and services is falling off a cliff, so even global businesses such as car manufacturers are going broke left, right and centre. If you get your terms sorted, there is a decreasing market (i.e. demand), so business is declining. The stock market, however, is experiencing some spurts simply in response to breaking short-term positive indicators (such as bumped-up profits in the banking sector).

All the while money is being printed at such an unprecedented rate that it is only a matter of time before massive inflation hits.

You can armchair quarterback it all you want after the fact.

I will leave it to others to judge who knows what they are talking about.

[edit on 25/4/09 by pause4thought]

posted on Apr, 25 2009 @ 05:40 AM
reply to post by pause4thought
Star 4 U!

Good Morning/Afternoon!!!

Concerning yer conversation about "fundamentals"...

Let us also not forget that this recent "rally" is skewed...

Why for are traders optimistic about higher/near/lower expected E/P ratios?

Expectations have been lowered to the point, that anything is better than 0, hence "rally"...

Also...look to how these profits were made...

In the financial sector...back door infusions from both arms of .gov...Fed/Treas & AIG...higher interest rates...cutting of credit lines...ect...

You have to understand...a lot of that infused money is not being's sitting in Treas...yep...collecting interest from .gov...hence even more "profit"...

All the talk is about inter-bank lending...have to have it to sustain the economy...

Not...the only inter-bank lending going on is between themselves at carefully planned reporting dates...think "hot potato"...
...notice not all report at the same time...hence "lending"...

Of course we all know the banks are also trading with themselves...manipulating their stock prices...and with GS...probably the whole market is on their shoulders these days...

In the commercial sector...layoffs...just to name one obvious source...

The only "fundamental" I observe is...fundamentally broken...


[edit on 4/25/2009 by Hx3_1963]

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