Banking Crisis: Chris Whalen Vs. Goldilocks & Pollyanna (CNBC Clip)

Banking crisis: is the worst behind us?

With Wells Fargo and Goldman reporting better than expected results, investors are asking whether it is safe to say the worst is behind us in the banking sector, with Dick Bove, Rochdale Securities and Christopher Whalen, Institutional Risk Analytics.

We are big fans of Chris Whalen. He has been repeatedly correct on the banks since early 2008 and he supports taxpayers vs. bondholders in the bank loss debate.  Whalen just finished a short appearance on CNBC with Larry Kudlow and fellow banking analyst Dick Bove.  The discussion was decent though it was tough on Whalen as the only realist facing the formidable duo of Goldy and Polly.

Watch this outstanding clip to witness a Geithner emasculation at the hands of Whalen.

CNBC Video of Whalen, Kudlow and Bove after the jump.

See also:

Whalen on AIG

Whalen Statement to the Senate on Proposed Financial Market Regulation

bank bailout news, bailout, banking recovery

Comments

[DailyBail]

Harvard, Princeton Economists Say No Fire Sale Prices, Premise of Public-Private Partnership Wrong

http://www.nakedcapitalism.com/2009/04/harvard-princeton-economists-say-no.html

[Sell Short]

Funny Cartoon. Welcome back DB. Your work is appreciated here and is missed when you take a break.:)

[Something Polish]

Shoe's doing the Hoosier State proud:

http://wonkroom.thinkprogress.org/2009/04/14/schuster-dick-armey/

Heh-heh-heh-heh...