Comments on: Even JPMorgan Chase is still putting new money away to cover bad loans http://jubakpicks.com/2010/01/15/even-jpmorgan-chase-is-still-putting-new-money-away-to-cover-bad-loans/ Fri, 10 Sep 2010 02:45:47 +0000 hourly 1 http://wordpress.org/?v=3.0 By: AB http://jubakpicks.com/2010/01/15/even-jpmorgan-chase-is-still-putting-new-money-away-to-cover-bad-loans/comment-page-1/#comment-3172 AB Sat, 16 Jan 2010 22:27:06 +0000 http://jubakpicks.com/?p=2746#comment-3172 Some of the smaller regional banks may not be in the same boat as JPM. Many of these banks did not write subprime or alt-A mortgages but simply got caught by the decline in real estate values with high loan to value loans on the books. In addition, many of these banks are currently selling at 20% of book value as compared to JPM at 100%+ book so there is some room for the stocks to absorb additional loss reserves. Also, a large portion of the commercial loans at the regional banks were real estate development loans which have already been accounted for in the loss reserves since these loans went bad early. I think there is potential to make some money by very selectively buying some of these regional banks. I would however, watch them like a hawk in case things head downill. I have put some money in a couple of these banks so I guess I will see if I am correct Some of the smaller regional banks may not be in the same boat as JPM. Many of these banks did not write subprime or alt-A mortgages but simply got caught by the decline in real estate values with high loan to value loans on the books. In addition, many of these banks are currently selling at 20% of book value as compared to JPM at 100%+ book so there is some room for the stocks to absorb additional loss reserves. Also, a large portion of the commercial loans at the regional banks were real estate development loans which have already been accounted for in the loss reserves since these loans went bad early. I think there is potential to make some money by very selectively buying some of these regional banks. I would however, watch them like a hawk in case things head downill. I have put some money in a couple of these banks so I guess I will see if I am correct

]]> By: Steve Old Boy http://jubakpicks.com/2010/01/15/even-jpmorgan-chase-is-still-putting-new-money-away-to-cover-bad-loans/comment-page-1/#comment-3166 Steve Old Boy Sat, 16 Jan 2010 14:44:07 +0000 http://jubakpicks.com/?p=2746#comment-3166 Jim, JPM (and all the others) are skillfully doing what they do best: enriching their executives with mind-numbing bonuses. It's funny how they find a way to do that even with all these troubles... Jim,

JPM (and all the others) are skillfully doing what they do best: enriching their executives with mind-numbing bonuses. It’s funny how they find a way to do that even with all these troubles…

]]> By: amtrend10 http://jubakpicks.com/2010/01/15/even-jpmorgan-chase-is-still-putting-new-money-away-to-cover-bad-loans/comment-page-1/#comment-3165 amtrend10 Sat, 16 Jan 2010 14:12:21 +0000 http://jubakpicks.com/?p=2746#comment-3165 doydum prescription kickback is the norm from all the pharms. doydum
prescription kickback is the norm from all the pharms.

]]> By: lotteollie http://jubakpicks.com/2010/01/15/even-jpmorgan-chase-is-still-putting-new-money-away-to-cover-bad-loans/comment-page-1/#comment-3151 lotteollie Fri, 15 Jan 2010 19:11:08 +0000 http://jubakpicks.com/?p=2746#comment-3151 doydum: You are obviously upset because you didn’t like the idea that your doctor was getting a kickback when he was prescribing you the antipsychotic drug Risperdal. Keep in mind, Medicaid doesn’t pay doctors well, so they have to make it up someplace. Hope you are feeling better. doydum:
You are obviously upset because you didn’t like the idea that your doctor was getting a kickback when he was prescribing you the antipsychotic drug Risperdal. Keep in mind, Medicaid doesn’t pay doctors well, so they have to make it up someplace. Hope you are feeling better.

]]> By: Droverjoe http://jubakpicks.com/2010/01/15/even-jpmorgan-chase-is-still-putting-new-money-away-to-cover-bad-loans/comment-page-1/#comment-3146 Droverjoe Fri, 15 Jan 2010 18:09:18 +0000 http://jubakpicks.com/?p=2746#comment-3146 Jim, I’m retired. Banks do not pay any interest on savings/ CD’s unless you’re willing to lock in for 5 years. I don’t trust them or our government at all. So I just use the checking account and park my money else where. This is a Top Down recovery and from my view point it might not take hold. It should be a Bottom Up recovery instead. Then there would be a chance of the recovery becoming a real recovery everyone could believe in. Washington and the Banker’s can’t see this or even understand the concept. Thanks Jim, Keep up the great work. Jim,
I’m retired. Banks do not pay any interest on savings/ CD’s unless you’re willing to lock in for 5 years. I don’t trust them or our government at all. So I just use the checking account and park my money else where.
This is a Top Down recovery and from my view point it might not take hold. It should be a Bottom Up recovery instead. Then there would be a chance of the recovery becoming a real recovery everyone could believe in. Washington and the Banker’s can’t see this or even understand the concept.
Thanks Jim, Keep up the great work.

]]>