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May 2012



Run on Greek Banks - black swan?

May 16, 2012 – Comments (9) | RELATED TICKERS: NBG.DL

Well, well, well - it looks like we have a good, old-fashioned bank run on our hands. According to, fearful depositors have yanked out '700 million euros ($891 million)'.   [more]



We need a new banking model; 3-6-3 rule redux

May 15, 2012 – Comments (1)

When I was wee lass, banking went like this: the S & L on the corner would pay 3% on savings accounts, lend it out at 6% for home mortgages, and the bank guy would be on the golf course by 3 o'clock (hence, '3-6-3 rule'). Very predictable, very staid, very boring, very reliable, and modestly profitable: there were no such things as derivatives, and the bank held the paper until it matured.   [more]



I am tired of hearing about Dimond, the London Whale, JPM, ad nauseum

May 15, 2012 – Comments (3) | RELATED TICKERS: JPM

The unfortunate derivatives trading of one person, costing JPM a cool $2b+, has given anyone who knows what a keyboard is carte blanche to proselytize, demonize, moralize, scold, lecture, and preach. Can we give it a rest, already?  [more]



Bond Fund/ETF – you gotta know about duration

May 11, 2012 – Comments (0) | RELATED TICKERS: PTTRX , PRRIX , VWEHX

I was researching a couple of Bill Gross' bond funds, and this along with a Vanguard fund I once owned, I came up with the following:   [more]



chinese solar companies will never go bankrupt

May 03, 2012 – Comments (1) | RELATED TICKERS: SPWR , FSLR

I was reading a newswire story about chinese steel companies:  [more]



Palace Coup in the Middle Kingdom?!?

May 03, 2012 – Comments (0) | RELATED TICKERS: MCD , GM , AAPL

Before you Fools form a line around the block to give your retirement $$$ to the largest of the BRIC countries, I wish to tell you a story.  [more]

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