Elizabeth Warren : 2988 banks that by the terms of their own regulators are too concentrated in commercial real estate , these are the medium size banks , by the end of this year half of commercial real estate loans will be under water , and they are coming up for reset in 11 , 12 and 13 , this is a bad problem anyway , think about that , nearly 3000 banks out of a total of 8000 , it is the very banks that do small business lending who are about to get sucked in the nose on real estate , commercial real estate loses ...we are seeing banks that do not want to lend because they see every dollar that comes in the door and say "I got to hold on it to try to fill my commercial real estate hole ..or else I will be gone "
Elizabeth Warren : I am afraid , I am afraid because of what I see in the real economy , I am afraid because I do not see books that are clean , balance sheets that have been cleaned up ......
I’m afraid because Secretary Paulson said there’s too much concentration in the banking industry, and there’s even more concentration
today than there was
it’s that we’ve got
concentrated risk and that’s what creates too big to fail, and that’s
creating distortions throughout our economy.
We haven’t yet put our feet on solid ground and begin -- begun to
rebuild an economy we can believe in.
that Summers and Geithner are smart. I think they’re honorable. I think
they approach the economy and the world through the largest institutions.
And they see the world from a top-down perspective.
I spent 25 years somewhere else.
Elizabeth Warren, Chair, The Congressional Oversight Panel
with Elizabeth Warren on Charlie Rose
in Current Affairs
on Thursday, March 4, 2010
Saturday, March 20, 2010
MARC FABER NEWS
Dr. Doom? Marc Faber Sees Stock Buying Opportunity
The dean of doom, Marc Faber, told CNBC on Tuesday that a variety of asset classes—including equities—may be worth buying for short-term gains. In the midst of market volatility on concerns over Federal Reserve tapering, he said, "Treasury bonds ...
Marc Faber aka Dr. Doom: S&P 500 Index Could Fall 20% To 30% Easily
Dr Doom warns stocks are oversold but S&P readies for another drop
Marc Faber Forecasts 30% Stock Market Crash, Says Buy Gold
The Market Oracle
The Fed's 'tapering' comments have ramped up market volatilaty and Faber gives some advice for short and long-term strategies. For example: ""The best course of action is to actually not buy anything, but rather to reduce positions on a rebound," Faber ...
Marc Faber: Bull in the short term, bear in the long term
... so perhaps it's best left to someone who has historically said “sell.” Marc Faber, author of the ”The Gloom, Boom & Doom Report,” and often called “Dr. Doom” because of his bearish sentiment, says there are buying opportunities — at least in the ...
Marc Faber: Gold a possible canary in the deflation coalmine
Here's what Marc Faber, editor of Gloom Boom Doom report told MarketWatch in an email. “Maybe gold is signaling a deflationary collapse of all asset prices. If this were indeed the case I suppose I would rather own gold than government bonds, high ...
MARC FABER: The Way Things Are Going, Bernanke Will Have To Give Us 96 ...
"Incredibly Bad Sentiment" Makes Gold & Bonds a Buy Says Marc Faber, as All ...
“Sentiment on Gold and Bonds Incredibly Negative” – Marc Faber Predicts ...
Marc Faber Sees Further Downside
China's factory output weakened to a 9-month low today, and financials saw a huge sell-off today, with the FM traders; and The Gloom, Boom and Doom Report's Marc Faber, shares his economic outlook. There's plenty of room for the stock market to decline ...
Marc Faber: More S&P downside, commodities 'horrible'…except gold
Marc Faber says 'thanks' to Bernanke
[An earlier version of this blog mistakenly attributed the comments to Marc Faber's blog. The original comments were made in an interview with Barron's on June 1. The comments were picked up Tuesday in a tracking blog that aggregates Faber's public ...
Dr. Doom Marc Faber: Don't Bet on New Market Highs
Faber said large cap stocks like McDonald's, Coca-Cola, Procter & Gamble and Wal-Mart "have most likely peaked." However, he thinks there are still stocks that show strength that could continue to appreciate "because all the money flows into fewer and ...
Marc Faber Is Glad He Owned Stocks, Even As He Warned Everyone Of Stock ...
"People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles," says the investment advisor in a new interview published in this week's Barron's. But Faber is the first to admit that at least the ...
Marc Faber notes liquidity squeeze depressing stocks but still buying gold
Famously contrarian in his approach, Dr. Faber is usually out of step with Wall Street but has an excellent reputation for calling the major market turns. He does not say he is shorting equities, though he notes emerging market equities and currencies ...