Toddo On TV: Good Bank, Bad Bank

Minyanville Staff  Aug 26, 2008 1:01 pm

Toddo On TV: Good Bank, Bad Bank
 
Markets, movers and more.
 

 
With more bad news on the horizon for financial institutions -- $871 billion worth of bonds set to mature through 2009 --Toddo notes Bennet Sedacca classifies banks with two simple designations:

Good banks, such as Bank of America (BAC), JPMorgan (JPM) and Barclays (BCS).

Then there are bad banks, like Wachovia (WB), Washington Mutual (WM) and Zions Bancorp (ZION).

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Comments (3) See All Comments »
08-26-2008, 1:23 pm
You have to realize some bank like BAC provisioned for the worst while others did not. BAC assumed a 30% peak to trough in housing price delcine and provisioned heavily up front. You can't say they will have a commensurate share of future pai
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08-26-2008, 1:53 pm
Prof. Sedacca identified 'walking wounded' banks as well as good and bad (dead banks walking). We have the Good, the Bad, and the Ugly.

Perhaps we need Clint Eastwood for FDIC head. "So you've got more than $100,0
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08-26-2008, 1:59 pm
Bush seeks to reassure investors that Banks are sound and pigs can fly. He also admits that he has recently heard of four dollar gas and is now ready to open off shore drilling to his oil friends in Texas. (Still no mention of energy policy)

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