.....I bought U.S. Bank stock, on one of it's acquisitions, in 1999, at $30 per..........pretty much.................USB today, $32.74 +0.57 (+1.77%)....and it paid a 4% divvie, but this stock trades today where it traded 20+ years ago after hovering for a long time at $50 per..................
...........banks are the pulse of the economy............I'm deep, deep into the bank world......probably too deep and I have a large merger on hold...........as the two target banks stock have each dropped over 20%..............I get it, the banks have LT debt ASSETS (us treasures, rather than commercial loans) on their balance sheets at low rates..........and have to pay out high savings rates, like 5+ %, at present..............BIZARRE MIS-MATCH.....................
....and commercial real estate, itself could collapse and bring down banks with loans...............CIT...........CIT...........CIT..............frank holding could be UNDER WATER by BILLIONS at present and this won't show up, for a year or two................100% certain FCNCA FAILS, soon, because of CIT......$50-billion worth of junk commercial loans....................a 20% charge off rate and FCNCA is under-capitalized and SEIZED.................DC EMHOFF AIN'T GONNA FIX THAT PROBLEM FOR FRANKIE...........
...............aimho................at $1,250 per day........................no hurries and no worries.........ARMAGEDDON IS A BUYING OPPORTUNITY.........
