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Thursday
Jan202011

Goldman Sachs Vs. J.P. Morgan: Which Insolvent Bank Is A Better Investment - Chris Whalen With Larry Kudlow - Video

CNBC Video - Jan. 19, 2011

Discussing earnings results for Goldman & JP Morgan, with Charles Bobrinskoy, Ariel Investments, and Christopher Whalen, Institutional Risk Analytics.

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Solvency is not even a question...

The 4 largest banks are insolvent many times over.  Their puny and massively over-leveraged capital bases would not just be wiped out, they would be turned into negative multiples of the original equity.

Then take the next step and understand that these same criminally fraudulent and insolvent institutions, are paying their executives $144 billion in bonuses this year, based on false accounting that was endorsed by Congress and jammed down the throats of FASB in June of 2009.

I wrote about the criminal insolvency of banks here.

And here:

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Bill Black has made the case recently here...

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And here's more...

 

 

 

 

 

 

 

 

 

 

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Reader Comments (5)

I'm off the site now until late, late tonight...heading to indy to have dinner with whalen and a few others...i will report back anything interesting i pick up...
Jan 20, 2011 at 4:00 PM | Registered CommenterDailyBail
Enjoy and best regards to all.
Jan 20, 2011 at 4:34 PM | Unregistered Commenterjohn
thanks john...back now...it was a great time...here are a few links...

http://www.suethefed.com/

the owner of this site sent me an email today...it looks pretty interesting...
Jan 21, 2011 at 2:28 AM | Registered CommenterDailyBail
Hugo Chavez cracks down on dissent

http://www.youtube.com/watch?v=Z6kTfmmwTqo

this is pretty funny...from the creators of the china Hu videos i've been posting...
Jan 21, 2011 at 2:31 AM | Registered CommenterDailyBail
http://www.guardian.co.uk/business/2011/jan/19/goldman-sachs-bankers-pay-bonuses

Goldman Sachs bankers to receive $15.3bn in pay and bonuses

you've probably seen this...i have a goldman story coming...and one on morgan stanley who reported earnings wednesday...
Jan 21, 2011 at 2:32 AM | Registered CommenterDailyBail

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