The Big 3: Screw Bank Shareholders…Please!, iBank Powerhouse…Sandander?!, TARP Is a Tool of…the Illuminati!

1. Screw Bank Shareholders…Please!

2. iBank Powerhouse…Sandander?!

3. TARP Is a Tool of…the Illuminati!

1. I’m gonna ask once again, why we don’t wash out all the people who took risks on equity when a company gets welfare to stave off insolvency/bankruptcy. Fact is, the stocks of Citigroup, MS, GM, GE and every other welfare company are evaporating anyway, so why give these foolish shareholders any time to sell to other fools?

2. Indeed, take a look at this graph (FS) I’m wondering if you outta stay short any banks that still have any meaningful market caps…even those “safe” banks in India. I mean, you can’t tell me with a straight face that Santander Bank is worth more than Morgan Stanley, Citigroup, Barclay’s, Deutsche Bank, and RBS…COMBINED. Oh, wait, that’s why there’s that old saying about leverage cutting both ways, huh? Which is why I think the banks are yes, still shorts on strength.

3. My mom asked me to clarify “Illuminati” - I certainly don't think there's some formal secret society running around in robes with pyramid eyes on them. But the machine that these targeted tax-tricks and individual information gathering for the most-connected, largest, and ever more centrally-controlled create and support is what the pyramid-eye represents. And you can’t deny that TARP is real.