<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>The Swamp Report &#187; bank assets</title>
	<atom:link href="http://www.swampreport.com/tag/bank-assets/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.swampreport.com</link>
	<description>Political, Economic, and Finance related commentary. J.D. Swampfox Associates report on battles for prosperity against the &#34;Tarleton&#34; of big government.</description>
	<lastBuildDate>Thu, 30 Sep 2010 14:35:04 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0</generator>
		<item>
		<title>Banks: separating sheep from goats</title>
		<link>http://www.swampreport.com/investments/banks-separating-sheep-from-goats/</link>
		<comments>http://www.swampreport.com/investments/banks-separating-sheep-from-goats/#comments</comments>
		<pubDate>Sun, 03 May 2009 03:12:46 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[Bloomberg]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[s4/7 Wall St.]]></category>
		<category><![CDATA[sell rating on banks stocks]]></category>
		<category><![CDATA[Wells FArgo]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1274</guid>
		<description><![CDATA[Swamp Report would not be the first to say &#8220;takes one to know one&#8221;.  24/7 Wall St. reports that Friday, May 1,  JP Morgan issued a negative bank research call for the major money center and super-regional banks: &#8220;Bank of America Corporation (NYSE: BAC), Citigroup, Inc. (NYSE: C), U.S. Bancorp (NYSE: USB), Wells Fargo &#38; [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/banks-separating-sheep-from-goats/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>German banks have $1.1 Trillion problem</title>
		<link>http://www.swampreport.com/economy/german-banks-have-11-trillion-problem/</link>
		<comments>http://www.swampreport.com/economy/german-banks-have-11-trillion-problem/#comments</comments>
		<pubDate>Wed, 29 Apr 2009 14:45:14 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[German banks]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1222</guid>
		<description><![CDATA[A Bloomberg report (or rather a Sueddeutsche Zeitung report) from April 24th deserves way more attention than it seems to have received. The key is that the leaked memo is true: &#8220;German banks’ total risks from problem loans amount to 812 billion euros ($1.1 trillion) according to calculations by the BaFin financial-market regulator, Sueddeutsche Zeitung [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/german-banks-have-11-trillion-problem/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Updated TCE&#8217;s: some banks pass, some fail</title>
		<link>http://www.swampreport.com/investments/updated-tces-some-banks-pass-some-fail/</link>
		<comments>http://www.swampreport.com/investments/updated-tces-some-banks-pass-some-fail/#comments</comments>
		<pubDate>Fri, 24 Apr 2009 14:50:09 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[stress tests]]></category>
		<category><![CDATA[tangible common equity]]></category>
		<category><![CDATA[TCE]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1124</guid>
		<description><![CDATA[Rolfe Winkler has updated his estimates of Tangible Common Equity (rumored to be required by the FED to be at least 3%) for big banks . Some banks pass some fail.  We suspect the government will change the definition of TCE so that it doesn&#8217;t even resemble Rolfe&#8217;s and all the banks pass.  It should [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/updated-tces-some-banks-pass-some-fail/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Land Mine On Bank Balance Sheets</title>
		<link>http://www.swampreport.com/economy/land-mine-on-bank-balance-sheets/</link>
		<comments>http://www.swampreport.com/economy/land-mine-on-bank-balance-sheets/#comments</comments>
		<pubDate>Thu, 23 Apr 2009 11:14:31 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1044</guid>
		<description><![CDATA[24/7 Wall Street posts on the commercial real estate &#8220;land mine&#8221; banks have yet to deal with: &#8220;The Financial Times recently reported on data about commercial real estate from Fitch, one of the three large credit ratings agencies. The paper wrote that “Fitch said properties were increasingly financed with no money down or even with [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/land-mine-on-bank-balance-sheets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CNBC: Banks must have 3% TCE in worst case &#8230;or raise capital</title>
		<link>http://www.swampreport.com/investments/cnbc-banks-must-have-3-tce-in-worst-case-or-raise-capital/</link>
		<comments>http://www.swampreport.com/investments/cnbc-banks-must-have-3-tce-in-worst-case-or-raise-capital/#comments</comments>
		<pubDate>Wed, 22 Apr 2009 16:40:28 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[CNBC]]></category>
		<category><![CDATA[stress test for banks]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1026</guid>
		<description><![CDATA[CNBC cites &#8220;sources&#8221; who tell them that the bank stress tests  will require banks to have risk adjusted Tangible Common Equity equal to 3% of assets.  This of course &#8220;sounds nice&#8221;.  If assets weren&#8217;t so subject to &#8220;funny accounting&#8221;, it would be meaningful.]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/cnbc-banks-must-have-3-tce-in-worst-case-or-raise-capital/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AP: FED sacrifices regional banks to protect big good ole boys</title>
		<link>http://www.swampreport.com/investments/ap-fed-sacrifices-regional-banks-to-protect-big-good-ole-boys/</link>
		<comments>http://www.swampreport.com/investments/ap-fed-sacrifices-regional-banks-to-protect-big-good-ole-boys/#comments</comments>
		<pubDate>Tue, 21 Apr 2009 20:47:22 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank loans]]></category>
		<category><![CDATA[bank stress tests are a sham]]></category>
		<category><![CDATA[regional banks FED]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1015</guid>
		<description><![CDATA[A Federal Reserve document obtained by the Associated Press indicates the government has decided to deflect the attention away from the big banks to smaller regional banks by focusing on loans rather than securities: &#8220;That approach favors a few Wall Street banks while potentially threatening major regional players&#8230; Some analysts said regulators are favoring the [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/ap-fed-sacrifices-regional-banks-to-protect-big-good-ole-boys/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IMF as expected raises loss estimates for bank assets</title>
		<link>http://www.swampreport.com/economy/imf-as-expected-raises-loss-estimates-for-bank-assets/</link>
		<comments>http://www.swampreport.com/economy/imf-as-expected-raises-loss-estimates-for-bank-assets/#comments</comments>
		<pubDate>Tue, 21 Apr 2009 16:36:14 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank stocks]]></category>
		<category><![CDATA[IMF]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1012</guid>
		<description><![CDATA[The IMF&#8217;s recent report on Global Financial Stability: &#8220;Without a thorough cleansing of banks’ balance sheets of impaired assets, accompanied by restructuring and, where needed, recapitalization, risks remain that banks’ problems will continue to exert downward pressure on economic activity. Though subject to a number of assumptions, ourbest estimate of writedowns on U.S.-originated assets to [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/imf-as-expected-raises-loss-estimates-for-bank-assets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fitch warns on accounting for discounted securities at par</title>
		<link>http://www.swampreport.com/investments/fitch-warns-on-accounting-for-discounted-securities-at-par/</link>
		<comments>http://www.swampreport.com/investments/fitch-warns-on-accounting-for-discounted-securities-at-par/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 16:49:45 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[CLOs]]></category>
		<category><![CDATA[Fitch]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=893</guid>
		<description><![CDATA[In a new report, Fitch warns investors about CLOs: &#8220;&#8230;given the evolution of leveraged loans from a relatively illiquid asset class at the inception of the CLO market to a more actively traded credit product, Fitch questions the practice of accounting for loans at par regardless of the discounted purchase price threshold. There are elements [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/fitch-warns-on-accounting-for-discounted-securities-at-par/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Recovery?: Nothing has been done about the big banks&#8230;</title>
		<link>http://www.swampreport.com/economy/recovery-nothing-has-been-done-about-the-big-banks/</link>
		<comments>http://www.swampreport.com/economy/recovery-nothing-has-been-done-about-the-big-banks/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 19:49:44 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[big bank losses]]></category>
		<category><![CDATA[F. William Engdahl]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner's plan for the banks]]></category>
		<category><![CDATA[Mike Whitney]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=779</guid>
		<description><![CDATA[The big banks are announcing &#8220;record profits&#8220;, which are a sham.  Time says the banking crisis is over.  Goldman, the strongest of the bunch, is proposing to sell new stock to the public before the sham is completely disclosed. With the Treasury&#8217;s help, they may just pull the heist off, but it won&#8217;t change anything [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/recovery-nothing-has-been-done-about-the-big-banks/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>IRA: PPIP doomed to fail</title>
		<link>http://www.swampreport.com/economy/ira-ppip-doomed-to-fail/</link>
		<comments>http://www.swampreport.com/economy/ira-ppip-doomed-to-fail/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 18:49:33 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner plan]]></category>
		<category><![CDATA[liquidation]]></category>
		<category><![CDATA[meltdown]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=713</guid>
		<description><![CDATA[IRA has a great analysis of the PPIP. Their conclusion?  Eventually we will pay the piper when the conflicting Mark to Fantasy rules and the Geithner/Summers plan both fail to cure the banks&#8217; problem and liquidation becomes the new political expediency: &#8220;When General Motors (NYSE:GM) is forced into an inevitable bankruptcy this June, however, doing [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/ira-ppip-doomed-to-fail/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IMF increases estimate of toxic assets to $4.0 Trillion</title>
		<link>http://www.swampreport.com/economy/imf-increases-estimate-of-toxic-assets-to-40-trillion/</link>
		<comments>http://www.swampreport.com/economy/imf-increases-estimate-of-toxic-assets-to-40-trillion/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 18:25:25 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[risks]]></category>
		<category><![CDATA[toxic assets]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=709</guid>
		<description><![CDATA[The Times reports: &#8220;The IMF said in January that it expected the deterioration in US-originated assets to reach $2.2 trillion by the end of next year, but it is understood to be looking at raising that to $3.1 trillion in its next assessment of the global economy, due to be published on April 21. In [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/imf-increases-estimate-of-toxic-assets-to-40-trillion/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Famous last words from Sheila Bair: &#8220;Our accountants have signed off on no net losses”</title>
		<link>http://www.swampreport.com/economy/famous-last-words-from-sheila-bare-%e2%80%9cour-accountants-have-signed-off-on-no-net-losses%e2%80%9d/</link>
		<comments>http://www.swampreport.com/economy/famous-last-words-from-sheila-bare-%e2%80%9cour-accountants-have-signed-off-on-no-net-losses%e2%80%9d/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 15:06:16 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[FDIC borrowing limits]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[private investors]]></category>
		<category><![CDATA[public-private partnerships]]></category>
		<category><![CDATA[Sheila Bair]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=703</guid>
		<description><![CDATA[Andrew Ross Sorkin in the NYT says (we added the emphasis): &#8220;&#8230;the F.D.I.C is trying to stabilize the system by adding more risk, not less, to the system. It’s going to be insuring 85 percent of the debt, provided by the Treasury, that private investors will use to subsidize their acquisitions of toxic assets. These [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/famous-last-words-from-sheila-bare-%e2%80%9cour-accountants-have-signed-off-on-no-net-losses%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mike Mayo puts sell or underperform on 11 banks</title>
		<link>http://www.swampreport.com/investments/mike-mayo-puts-sell-or-underperform-on-11-banks/</link>
		<comments>http://www.swampreport.com/investments/mike-mayo-puts-sell-or-underperform-on-11-banks/#comments</comments>
		<pubDate>Mon, 06 Apr 2009 12:02:03 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank stocks]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=674</guid>
		<description><![CDATA[Mike Mayo formerly with Deutsche Bank, now with CLSA&#8217;s Calyon Securities, has rated 11 US banks at sell or underperform, according to CNBC and Bloomberg. Bloomberg says bank futures are down this morning on the news: &#8220;U.S. stock futures fell as analyst Mike Mayo said bank loan losses will exceed levels in the Great Depression&#8230; [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/mike-mayo-puts-sell-or-underperform-on-11-banks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Big Banks will bid up each other&#8217;s assets with Taxpayer money</title>
		<link>http://www.swampreport.com/investments/big-banks-will-bid-up-each-others-assets-with-taxpayer-money/</link>
		<comments>http://www.swampreport.com/investments/big-banks-will-bid-up-each-others-assets-with-taxpayer-money/#comments</comments>
		<pubDate>Fri, 03 Apr 2009 13:07:23 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank collusion]]></category>
		<category><![CDATA[bank money laundering]]></category>
		<category><![CDATA[banking oligarchy]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[mark to market accounting]]></category>
		<category><![CDATA[Obama Administration]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=620</guid>
		<description><![CDATA[FT reports &#8220;US banks that have received government aid, including Citigroup, Goldman Sachs, Morgan Stanley and JPMorgan Chase, are considering buying toxic assets to be sold by rivals under the Treasury’s $1,000bn (£680bn) plan to revive the financial system. Spencer Bachus, the top Republican on the House financial services committee, vowed after being told of [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/big-banks-will-bid-up-each-others-assets-with-taxpayer-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Citi CDS&#8217;s rise anticipating revisions to MTM</title>
		<link>http://www.swampreport.com/investments/citi-cdss-rise-anticipating-revisions-to-mtm/</link>
		<comments>http://www.swampreport.com/investments/citi-cdss-rise-anticipating-revisions-to-mtm/#comments</comments>
		<pubDate>Thu, 02 Apr 2009 11:25:31 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[FASB]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[mark to market]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=598</guid>
		<description><![CDATA[Reuters: &#8220;Debt protection costs on Citigroup Inc (C.N) hit record highs on Wednesday, ahead of a vote on a proposal to give banks more leeway on how they should apply mark-to-market accounting standards. The accounting, in which assets are marked to their current market value, has been criticized for exacerbating market woes as extreme illiquidity [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/citi-cdss-rise-anticipating-revisions-to-mtm/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fed confused between loss rate vs. recovery rate</title>
		<link>http://www.swampreport.com/investments/fed-confused-between-loss-rate-vs-recovery-rate/</link>
		<comments>http://www.swampreport.com/investments/fed-confused-between-loss-rate-vs-recovery-rate/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 15:38:35 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank capital]]></category>
		<category><![CDATA[stress test for banks]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=538</guid>
		<description><![CDATA[In a piece designed to contrast money center banks with regional banks, Institutional risk offers their opinion on the Fed&#8217;s thinking: &#8220;No wonder that Fed Chairman Bernanke and Treasury Secretary Tim Geithner persist in their idiotic position that toxic subprime assets have true &#8220;values&#8221; of 80% of par. As we told the clients of IRA&#8217;s [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/fed-confused-between-loss-rate-vs-recovery-rate/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Greenspan: Bank equity needs to be 13-14% of assets</title>
		<link>http://www.swampreport.com/economy/greenspan-bank-equity-needs-to-be-13-14-of-assets/</link>
		<comments>http://www.swampreport.com/economy/greenspan-bank-equity-needs-to-be-13-14-of-assets/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 02:07:17 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank capital]]></category>
		<category><![CDATA[Geithner's plan]]></category>
		<category><![CDATA[Greenspan]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=530</guid>
		<description><![CDATA[In his FT opinion piece on March 26, Alan Greenspan writes of the need for a better cushion against risk.Â  Naked Capitalism accuses Greenspan of both disengeuousness and errors of fact in his piece.Â  Yet, Greenspan&#8217;s estimates for new capital needed at the money center banks are interesting and except at RGE Monitor, have received [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/greenspan-bank-equity-needs-to-be-13-14-of-assets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Citi and B of A: buying low, selling high or something else?</title>
		<link>http://www.swampreport.com/economy/citi-and-b-of-a-buying-low-selling-high-or-something-else/</link>
		<comments>http://www.swampreport.com/economy/citi-and-b-of-a-buying-low-selling-high-or-something-else/#comments</comments>
		<pubDate>Sat, 28 Mar 2009 22:22:51 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner program]]></category>
		<category><![CDATA[public/private partnerships]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=522</guid>
		<description><![CDATA[Businessinsider.com recently wrote about the New York Post article documenting Citigroup and Bank of America&#8217;s recent purchase of Alt-A and ARM mortgage backed securities in anticipation of the public/private partnerships bidding to buy similar assets from such banks: &#8220;This raises serious questions about how the banks are using TARP funds. Instead of stimulating the economy [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/citi-and-b-of-a-buying-low-selling-high-or-something-else/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Prices of assets covered by Geithner plan not rising but does it matter?</title>
		<link>http://www.swampreport.com/economy/prices-of-assets-covered-by-geithner-plan-not-rising-but-does-it-matter/</link>
		<comments>http://www.swampreport.com/economy/prices-of-assets-covered-by-geithner-plan-not-rising-but-does-it-matter/#comments</comments>
		<pubDate>Fri, 27 Mar 2009 11:23:46 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank stocks]]></category>
		<category><![CDATA[Geithner plan]]></category>
		<category><![CDATA[Roubini]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=477</guid>
		<description><![CDATA[On Wednesday FT points out that: &#8220;Amid the general euphoria over Tim Geithnerâ€™s plan to tackle toxic assets there is one note of caution: while bank stocks have rallied strongly on the plan, the underlying toxic assets have not. &#8230;the liquidity risk premium â€“ the price discount imposed by difficulty obtaining financing â€“ in these [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/prices-of-assets-covered-by-geithner-plan-not-rising-but-does-it-matter/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Blodget: Bank assets prices will have new values established, but unintended consequences</title>
		<link>http://www.swampreport.com/economy/blodget-bank-assets-prices-will-have-new-values-established-but-unintended-consequences/</link>
		<comments>http://www.swampreport.com/economy/blodget-bank-assets-prices-will-have-new-values-established-but-unintended-consequences/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 23:36:27 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner plan]]></category>
		<category><![CDATA[private investors]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=434</guid>
		<description><![CDATA[Henry Blodget may be disgraced as an internet stock analyst but his argument makes sense.Â  We raised a similar idea.Â  The basic idea is that when one bank receives and accepts an offer on a particular asset, the argument that &#8220;there is no market price&#8221; can no longer be used by that bank or others. [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/blodget-bank-assets-prices-will-have-new-values-established-but-unintended-consequences/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Distressed real estate in Europe hints why Geithner&#8217;s plan is hobbled</title>
		<link>http://www.swampreport.com/politics/distressed-real-estate-in-europe-hints-why-geithners-plan-is-hobbled/</link>
		<comments>http://www.swampreport.com/politics/distressed-real-estate-in-europe-hints-why-geithners-plan-is-hobbled/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 03:31:05 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Europe financial crisis]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[private investors]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=405</guid>
		<description><![CDATA[Phillip Moore&#8217;s article in Euromoney describes many investors and much money (from both UK and US investors) allocated to snapping up distressed commercial real estate debt.Â  What&#8217;s interesting to us is the indications in the article that it&#8217;s the banks that are unwilling to sell &#8211; that is preventing the investments &#8211; NOT a need [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/distressed-real-estate-in-europe-hints-why-geithners-plan-is-hobbled/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bear market is from undue fear that bondholders will suffer</title>
		<link>http://www.swampreport.com/politics/bear-market-is-from-undue-fear-that-bondholders-will-suffer/</link>
		<comments>http://www.swampreport.com/politics/bear-market-is-from-undue-fear-that-bondholders-will-suffer/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 00:48:47 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank bondholders]]></category>
		<category><![CDATA[Europe financial crisis]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=391</guid>
		<description><![CDATA[As if he writes in response to the issue we and others have repeatedly raised, Tim Bond at FT answers why he thinks bank bond holders should NOT be forced to take a haircut.Â  We don&#8217;t agree with his analysis, but if one does, then an argument can be made, like Tim&#8217;s, that the equity [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/bear-market-is-from-undue-fear-that-bondholders-will-suffer/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bank unsecured creditors are inviolable &#8211; but why?</title>
		<link>http://www.swampreport.com/politics/bank-unsecured-creditors-are-inviolable-but-why/</link>
		<comments>http://www.swampreport.com/politics/bank-unsecured-creditors-are-inviolable-but-why/#comments</comments>
		<pubDate>Sun, 15 Mar 2009 17:41:45 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=128</guid>
		<description><![CDATA[William Buitner, in ft.com/maverecon says, &#8220;&#8230;the fundamental rationale for the creation of Bad Banks and for toxic asset purchases by the state is the provision of a subsidy to the banksÂ that made the toxic loans and investments.Â  These beneficiaries include the top management and board of these banks, the shareholders and the unsecured and non-guaranteed [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/bank-unsecured-creditors-are-inviolable-but-why/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Financial sector: An undefused bomb</title>
		<link>http://www.swampreport.com/economy/financial-sector-an-undefused-bomb/</link>
		<comments>http://www.swampreport.com/economy/financial-sector-an-undefused-bomb/#comments</comments>
		<pubDate>Fri, 13 Mar 2009 00:27:49 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=37</guid>
		<description><![CDATA[Simon Johnson testified before a House subcommittee today: &#8220;The financial sector should be thought of at this stage as a type of undefused bomb. We might be able to live with it for years or it could be a more immediate issue. There is nothing I see in anyoneâ€™s G20 agenda that even begins to [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/financial-sector-an-undefused-bomb/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

