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Teacherman1 (< 20)

August 2009



The Luck of the Irish

August 23, 2009 – Comments (2)

There are "bad loans" and then there are "bad loans". Having spent 15 years in commercial banking in one of my previous careers, I am well aware that "bad loans" come in different forms.   [more]



Health Care Reform-Now or Later?

August 16, 2009 – Comments (7)

I know that Health Care Reform is a very touchy question for many people, and is a very divisive subject at this time.   [more]



Its Dejo Vu all over again.

August 15, 2009 – Comments (10)

So all of the big banks are insolvent and are only being proped up by the FASB rule change and the Fed. Govt.   [more]



What's in a name?

August 13, 2009 – Comments (1) | RELATED TICKERS: CBI

I find it fascinating that a company named Chicago Bridge and Iron, in neither located in Chicago, nor does it construct bridges. What it does do, and very well, is provide world wide "turn key" design, engineering and construction of large energy infrastructures for the LNG and Petrochemical industry.   [more]



Lloyds- Gold or Fools' Gold?

August 10, 2009 – Comments (0) | RELATED TICKERS: LYG

While Lloyds has had a recent run up, and is probably the last of the "big" banks selling at a very depressed price, there are still a lot of problems in its loan protfolio. They posted a first half loss of $6.8 billion, but this was after an impairment charge of $22.8 billion (mostly related to the takeover of HBOS). Without that charge, they would have shown a profit of around $16 billion.  [more]

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