Banking problems grow for US authorites

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U.S. Says Banks on `Problem List' Rose 30% in Quarter (Update2)

By Alison Vekshin

Aug. 26 (Bloomberg) -- The U.S. Federal Deposit Insurance Corp. said

its ``problem list'' of banks increased 30 percent in the second

quarter to the highest total in five years as more commercial real-

estate loans were overdue.

The list had 117 banks as of June 30, up from 90 in the first quarter

and the highest since mid-2003, the agency said today in its

quarterly report without naming any institutions. FDIC-insured

lenders reported net income of $4.96 billion, down 87 percent from

$36.8 billion in the same quarter a year ago.

http://lnk.nu/bloomberg.com/nfh

 

SAMVA , " cosmologer " <cosmologer wrote:

>

> Dear friends,

>

> New problems on the financial stability front are appearing every

day

> as predicted based on the SAMVA USA chart (Perpetual Union):

>

> 1.

> FDIC gets ready for more bank failures...

> Regulator, insurer boosts its staff and provisions as it faces its

> biggest challenge in decades

> By RUSSELL GRANTHAM Cox News Service Sunday, August 24, 2008

>

> ATLANTA — The Federal Deposit Insurance Corp. is one of those

> agencies with a low profile but essential role similar to plumbing

or

> electricity — you don't notice it until the power's out or the

> basement's flooding.

> http://lnk.nu/statesman.com/nci.html

>

> 2.

> Close bank in Kansas; ninth collapse this year...

> Columbian Bank and Trust of Kansas Closed by U.S. Regulators

> By Alison Vekshin and Ari Levy

>

> Aug. 23 (Bloomberg) -- Columbian Bank and Trust Co. of Topeka,

> Kansas, was closed by U.S. regulators, the nation's ninth bank to

> collapse this year amid bad real-estate loans and writedowns

stemming

> from a drop in home prices.

> http://lnk.nu/bloomberg.com/ncj

>

> 3.

> U.S. Stocks Drop, Led by Financial Shares, AIG, Banks Retreat

> By Elizabeth Stanton

>

> Aug. 25 (Bloomberg) -- U.S. stocks fell for the first time in four

> days as a Kansas bank's failure and speculation American

> International Group Inc. will post a loss heightened concern that

> credit writedowns will keep rattling the financial system.

>

> AIG, the world's largest insurer, tumbled 5 percent after Credit

> Suisse Group said the company may lose $2.41 billion this quarter

on

> mortgage-related writedowns. Washington Mutual Inc. and Huntington

> Bancshares Inc. each dropped more than 4 percent after Columbian

Bank

> & Trust Co. became the ninth U.S. bank to collapse this year.

Lehman

> Brothers Holdings Inc. slumped 7 percent on concern a Korean bank

> will reconsider a potential investment in the fourth-biggest U.S.

> securities firm.

> http://lnk.nu/bloomberg.com/nck

>

> Best wishes,

>

> Thor

>

> PS A great place to shorten long URLs that otherwise tend to have

> line breaks and become unusable is http://minilink.org/

>

> SAMVA , Cosmologer <cosmologer@> wrote:

> >

> > Dear friends,

> > The outlook for the US financial system and economy appears to be

> again taking a turn for the worse. One hears the news everywhere

and

> the share prices have been sliding for a number of days.

> > This is consistent with what I and have

> predicted for the US economy based on the SAMVA USA Chart

(Perpetual

> Union).

> > See for instance:

> > Message by from mid July:

> > " The significant unfavorable transit influences persist

> throughout the year.

> > The authorities will find it quite difficult to preserve

> the fiancial stability of the financial institutions. "

> > Around the same time, confirmed my assessment:

> > " That said, given the inherent strength of JUPITER and SUN in the

> > natal chart, we could expect the financial system as a whole to

> > weather the difficulties seen in the SAMVA USA chart. "

> >

> > The following predictions are also of interest:

> > Saturday, June 21, 2008

> > Interesting times ahead in the USA

> > The Week of August 3, 2008

> > With most of the functional benefics in the Cancer rising SAMVA

USA

> chart, 1st lord MOON, 2nd lord SUN, 3rd lord MERCURY and 10th lord

> MARS well placed in transit from late July, the situation should

> improve in many ways, including for the FINANCIAL MARKET.

> >

> > PREDICTION WAS REALISED. US MARKET CONDITIONS IMPROVED IN EARLY

> AUGUST.

> > Saturday, May 24, 2008

> > The return of financial volatility

> > Finally, around 20 June another difficult aspect would begin to

be

> felt, the conjunction of transit Rahu with natal 2nd lord Sun at

23°

> 44´ Capricorn and 7th house. This aspect will become stationary

> within 1° orb from 17 July and will not clear until in mid October.

> It is expected to produce difficulty for the US Presidency (Sun).

One

> possible manifestation is a scandal involving the US government

> covertly financing foreign governments to ensure their assistance

in

> the fight against terrorism. This aspect, which also represents an

> affliction of the 2nd lord of wealth, would also be disturbing for

> the financial markets.

> >

> > " The financial markets are now expected to remain volatile for

the

> remainder of the year. "

> > Clearly, with the nodal station on the natal SUN and the applying

> aspect of transit 6th lord JUPITER to transit 8th lord SATURN in

the

> chart, with both also under an applying afflicting aspect from

natal

> RAHU, the tensions are increasing.

> > Best wishes,

> > Thor

> > Nobel Laureates Say Credit Crunch Hurting Growth (Update1)

> >

> > By Simon Kennedy

> > Aug. 21 (Bloomberg) -- Nobel Prize-winning economists Myron

Scholes

> and Daniel McFadden predicted the yearlong credit squeeze will

> inflict more pain on the world economy and financial markets.

> > The crisis is ``not over and I'm not exactly sure when it's going

> to end,'' Scholes said today at a conference in Lindau, Germany,

> featuring 14 Nobel laureates in economics. McFadden said in an

> interview ``that as the crisis continues you will see a lot of

> business failures.''

> > A year since the U.S. housing slump sparked about $500 billion in

> credit-market losses for banks globally, the world's largest

> economies are all stumbling as rising borrowing costs combine with

> record commodity prices to sap growth. The U.S. is close to a

> recession and the euro-area and Japan contracted in the second

> quarter.

> > ``The economy has really shown one sign after another of

> weakening,'' Martin Feldstein, the Harvard University economist,

said

> in a Bloomberg Television interview in Jackson Hole, Wyoming, where

> he's attending an annual Federal Reserve conference. Feldstein said

> he is ``much more pessimistic than a year ago'' about the outlook.

> > Economists at Goldman Sachs Group Inc. today said that countries

> that account for half of the world economy face recession, while

> those at JPMorgan Chase & Co. estimate a global expansion of 1

> percent this quarter, the weakest in seven years.

> > Cutting Debt

> > Financial institutions still need to cut back lending and

> strengthen their balance sheets by raising additional capital and

> selling assets, said Scholes, chairman of Platinum Grove Asset

> Management LP, a hedge fund based in Rye Brook, New York. That will

> hurt companies that have borrowed short-term debt to finance long-

> term activities, said McFadden, a professor at the University of

> California.

> > ``There is still a tremendous amount of deleveraging still

> necessary,'' said Scholes, who was a partner in Long-Term Capital

> Management LP before it collapsed in 1998.

> > Lone Star Funds, the Dallas-based private equity firm, today

agreed

> to buy IKB Deutsche Industriebank AG after the German bank was

felled

> by the subprime mortgage crisis. Bear Stearns Cos., the fifth-

largest

> U.S. securities firm has already collapsed, while the bonds of

> regional banks such as National City Corp. and Keycorp are under

> pressure on expectations of more fallout.

> > Lack of Regulation

> > Speaking at the same event, Nobel laureate Joseph Stiglitz of

> Columbia University blamed U.S. and international regulators such

as

> former Federal Reserve Chairman Alan Greenspan for failing to

> restrain an explosion in financial innovation and lending that led

> borrowers to rack up debt they couldn't repay. He criticized

> guidelines known as Basel II for encouraging too much self-

regulation

> of banks.

> > ``It was a massive failure of the brains of the economy,'' said

> Stiglitz. ``There was a party going on and the regulator with the

> same mindset of those in the party didn't want to be a party

> pooper.''

> > McFadden suggested a financial equivalent of the U.S. Food and

Drug

> Administration be established to monitor and certify new financial

> instruments. Scholes warned against a ``rush to regulation,''

arguing

> ``the cost of regulation may be far greater than its benefits.''

> > The economists spoke at a meeting of Nobel laureates attended by

> about 300 young researchers and held every two years. Scholes won

the

> prize in 1997 for his work on derivatives, McFadden won three years

> later for studying how households make choices and Stiglitz won in

> 2001 for an analysis of how markets operate with uneven

information.

> > To contact the reporters on this story: Simon Kennedy in Lindau,

> Germany, at skennedy4@

> > Last Updated: August 21, 2008 10:59

> >

> >

> >

> >

> > SIHA <vkchoudhry@>

> > SAMVA

> > Thursday, July 17, 2008 2:59:17 AM

> > Re: Re: Shares of US mortgage companies plunge

> >

> >

> > Hello dear Mr. Thor,

> >  

> > Yes, your assumption in the last paragraph of your message is

right.

> >  

> > Best wishes.

> >  

> >

> > www.YourNetAstrologer.com

> > A-105, South City II, Gurgaon 122018-01, (India).

> > Phones:  2219240 (STD  0124, ISD code 91 124)

> > Mobile phone: 9811016333

> >

> > -

> > cosmologer

> > SAMVA

> > Thursday, July 17, 2008 1:47 AM

> > Re: Shares of US mortgage companies plunge

> >

> > My dear ,

> >

> > Thank you for the prediction and clarification.

> >

> > I presume that we may then consider likely a setback with respect

> to

> > output and employment in the economy going forward. given that

the

> > government will be challenged to preserve the stability of

> financial

> > companies. As we have not analysed fully the transits in 2009 and

> > beyond, when also the JUPITER period gives way to the SATURN

> period,

> > we could also expect the issues at that time to shift to those of

> the

> > indications ruled by SATURN and its transit condition in coming

> > years. Fortunately, SATURN will be passing through good houses,

> > although it will make some slow moving contacts to house MEPs,

> natal

> > and transit planets at certain times in coming years, which

> > could bring some significant events.

> >

> > That said, given the inherent strength of JUPITER and SUN in the

> > natal chart, we could expect the financial system as a whole to

> > weather the difficulties seen in the SAMVA USA chart.

> >

> > Best wishes,

> >

> > Thor

> > SAMVA , " SIHA " <vkchoudhry@ ...> wrote:

> > >

> > >

> > > Hello dear Mr. Thor,

> > >

> > > Yes, this is based on SAMVA USA chart.

> > >

> > > Best wishes.

> > >

> > >

> > >

> > >

> > >

> > > -

> > > cosmologer

> > > SAMVA

> > > Tuesday, July 15, 2008 6:39 PM

> > > Re: Shares of US mortgage companies plunge

> > >

> > >

> > > Dear ,

> > >

> > > Thank you very much for the prediction. For clarification, is

it

> > > based exclusively on the SAMVA USA chart?

> > >

> > > If so, we can note that

> > > - the affliction of nodes (crisis) to SUN (wealth) lasts until

> > late

> > > September.

> > > - In August and September transit JUPITER (financial stability)

> > and

> > > SATURN (easy gains) are under affliction of natal RAHU (crisis)

> > > - from August to November, JUPITER (problems to financial

> > stability)

> > > afflicts 8th lord SATURN (easy gains)

> > > - in November JUPITER afflicts natal VENUS (homes)

> > > - From November until February, natal SATURN (obstacles and

> > endings)

> > > afflicts transit SATURN (easy gains).

> > >

> > > Best wishes,

> > >

> > > Thor

> > >

> > > SAMVA , " SIHA " <vkchoudhry@ > wrote:

> > > >

> > > > Hello dear Mr. Thor,

> > > >

> > > > The significant unfavorable transit influences persist

> > throughout

> > > the year.

> > > >

> > > > The authorities will find it quite difficult to preserve the

> > > fiancial stability of the financial institutions.

> > > >

> > > > Best wishes.

> > > >

> > > >

> > > >

> > > >

> > > > -

> > > > cosmologer

> > > > SAMVA

> > > > Tuesday, July 15, 2008 5:06 AM

> > > > Re: Shares of US mortgage companies plunge

> > > >

> > > >

> > > > Dear and list members,

> > > >

> > > > The stock market worries continue in the USA with 'financial

> > > companies' bearing the brunt of the declines today.

> > > >

> > > > In SA the indicators of banks are the SUN and JUPITER.

> > Presently,

> > > natal 2nd lord SUN is transit afflicted by the stationary

NODES.

> > > Moreover, transit 6th lord JUPITER is afflicting 4th lord

VENUS.

> > As I

> > > am temporarily without astrology software or acess, I cannot

give

> > a

> > > further accounting of the transit influences. However, it

strikes

> > me

> > > that the downturn at present is somewhat more pronounced than

> > what I

> > > expected. That is not to say however that it is not completely

> > > consistent with the SAMVA USA chart - it is! I only say this to

> > draw

> > > out how hard it is to quantify the 'difficulties' seen in the

> > chart.

> > > >

> > > > We must also keep in mind that natal SUN and natal VENUS have

> > > been repeatedly 'shocked' with hard transits since early 2007.

> > > Moreover, those shocks we're taking place during the VENUS-

> > JUPITER

> > > period which has to do with 'financial stability' issues.

> > > >

> > > > The question comes up if the authorities will be able to

> > preserve

> > > the fiancial stability by ensuring that the financial

> > institutions

> > > have sufficient funds and do not go bankrupt to the extent that

> > the

> > > financial intermediation or lending to households and firms

> > comes.to

> > > a screeching halt.With JUPITER natally strong and under aspect

> > from

> > > the MOON as 1st lord in the 11th house and the SUN also strong,

> > the

> > > problems should be overcome.

> > > >

> > > > Do you agree with this analysis and overall assessment?

> > > >

> > > > Best wishes,

> > > >

> > > > Thor

> > > >

> > > > SAMVA , " cosmologer " <cosmologer@ >

> wrote:

> > > > >

> > > > > Dear Vyas and Ajay,

> > > > >

> > > > > Thanks for the feedback.

> > > > >

> > > > > It remains to be done to do a through inventory of the many

> > > > > predictions since last year in order to document how they

> > > turned out.

> > > > > This requires going over the revelant posts on SAMVA and

> > > digging up

> > > > > the news concerning their realisation. I have tried to

follow

> > > the

> > > > > major predictions and account for them, so some of the work

> > is

> > > > > already there on SAMVA, but the job of compiling the

> > > predictions

> > > > > remains...

> > > > >

> > > > > As for the present difficulties in US financial markets

> > related

> > > to

> > > > > the threat of default by the largest issuers of mortgage

> > > credit, this

> > > > > is likely also explained* by the affliction of now

stationary

> > > transit

> > > > > RAHU to the natal SUN as 2nd lord of wealth in the 7th

house.

> > > Natal

> > > > > SATURN as 8th lord of obstacles has also been afflicting

the

> > > transit

> > > > > RAHU and under the aspect of transit KETU. The government

has

> > > come

> > > > > under renewed pressure from this situation, as a takeover

of

> > > the

> > > > > troubled institutions could loom ahead. These are

definitely

> > > > > interesting times...

> > > > >

> > > > > Best wishes,

> > > > >

> > > > > Thor

> > > > >

> > > > > *) in addition to the transit JUPITER as 6th lord of the

> > > ability to

> > > > > pay back debts being conjunct natal VENUS as 4th lord of

> > homes

> > > in the

> > > > > sign of SAGITTARIUS and 6th house. This conjunction is

taking

> > > place

> > > > > during the VENUS major period and JUPITER sub period,

making

> > > their

> > > > > energies in triple-transit all the more important.

> > > > >

> > > > >

> > > > >

> > > > > SAMVA , " Vyas Munidas " <munidas@>

> wrote:

> > > > > >

> > > > > > Dear Thor,

> > > > > >

> > > > > > Ten out of ten so far.

> > > > > >

> > > > > >

> > > > > > Best regards,

> > > > > >

> > > > > > Vyas Munidas

> > > > > >

> > > > >

> > > > >

> > > > >

> > > > >

> > > > > SAMVA , ajay sehg <ajaysehg@> wrote:

> > > > > >

> > > > > >

> > > > > >

> > > > > > Dear Thor,

> > > > > >

> > > > > > The Samva US chart is exactly confirming to

> > > the

> > > > > earlier predictions done by u, which have come true. This

> > > suggests

> > > > > the financial markets could be in for more " shocks " during

> > > September

> > > > > this Year as per the analysis done by u.

> > > > > >

> > > > > > Best Regards

> > > > > > Ajay

> > > > > >

> > > > > > --- On Fri, 7/11/08, cosmologer <cosmologer@ > wrote:

> > > > > >

> > > > > > cosmologer <cosmologer@ >

> > > > > > Re: Shares of US mortgage companies

plunge

> > > > > > SAMVA

> > > > > > Friday, July 11, 2008, 4:50 AM

> > > > > >

> > > > > >

> > > > > >

> > > > > >

> > > > > >

> > > > > >

> > > > > > Dear friends,

> > > > > >

> > > > > > One more thought related to this:

> > > > > >

> > > > > > The increased difficulties for the housing market at this

> > > time were

> > > > > ACCURATELY PREDICTED on the basis of the SAMVA USA chart.

> > This

> > > lends

> > > > > further credibility to the chart. The chart gives an

ability

> > to

> > > trace

> > > > > out the actual developments IN ADVANCE. The predictive

> > efficacy

> > > of

> > > > > the chart has now been repeatedly demonstrated. I find such

> > > evidence

> > > > > for its authenticity to be impressive. I'd be interested in

> > > other

> > > > > list members views on the SAMVA USA chart at this stage

> > > > > >

> > > > > > Best wishes,

> > > > > >

> > > > > > Thor

> > > > > >

> > > > > > SAMVA , " cosmologer "

> > <cosmologer@ ...>

> > > wrote:

> > > > > > >

> > > > > > > Hello my dear ,

> > > > > > >

> > > > > > > Thank you for sharing your assessment. Indeed there are

> > > other

> > > > > influences operating but I chose to signal the most

important

> > > transit

> > > > > affliction.

> > > > > > >

> > > > > > > Best wishes,

> > > > > > >

> > > > > > > Thor

> > > > > > >

> > > > > > > SAMVA , " SIHA " <vkchoudhry@ >

> > wrote:

> > > > > > > >

> > > > > > > > Hello my dear Thor,

> > > > > > > >

> > > > > > > > The close planetary influences in USA SAMVA chart

show

> > > that the

> > > > > important developments respond to the transit placements

and

> > > close

> > > > > afflictions and raise the level of confidence.

> > > > > > > >

> > > > > > > > Best wishes.

> > > > > > > >

> > > > > > > >

> > > > > > > >

> > > > > > > >

> > > > > > > >

> > > > > > > > -

> > > > > > > > cosmologer

> > > > > > > > SAMVA

> > > > > > > > Friday, July 11, 2008 8:34 AM

> > > > > > > > Re: Shares of US mortgage companies

> > > plunge

> > > > > > > >

> > > > > > > >

> > > > > > > > Hello dear list members,

> > > > > > > >

> > > > > > > > The concerns about the mortage debt in the USA have

> > > continued

> > > > > great. Influential persons have suggested the trillions of

> > > dollars of

> > > > > mortgage debts of the USA are at risk of default. The

shares

> > of

> > > > > mortgage firms and investment banks exposed to them have

> > > continied to

> > > > > plunge. Fannie Mae is now 80 percent below its peak...

> > > > > > > >

> > > > > > > > The conjunction. of transit JUPITER as 6th lord of

> > > fiancial (in)

> > > > > stability and VENUS as 4th lorf of fixed assets is really

> > > showing the

> > > > > worth of the SAMVA USA chart.

> > > > > > > >

> > > > > > > > Best wishes,

> > > > > > > >

> > > > > > > > Thor

> > > > > > > >

> > > > > > > > SAMVA , " cosmologer "

> > <cosmologer@

> > > >

> > > > > wrote:

> > > > > > > > >

> > > > > > > > > Mortgage Fears Depress Shares at Two Agencies

> > > > > > > > > By CHARLES DUHIGG

> > > > > > > > > Published: July 8, 2008 | New York Times

> > > > > > > > > As home prices decline and Washington struggles to

> > end

> > > the

> > > > > economic malaise, Wall Street

> > > > > > > > > is starting to send a sobering message: The worst

is

> > > yet to

> > > > > come.

> > > > > > > > > One of the strongest warning signs came Monday,

when

> > > shares

> > > > > of the nation's most

> > > > > > > > > important mortgage companies, Fannie Mae and

Freddie

> > > Mac,

> > > > > plummeted. After falling

> > > > > > > > > almost continuously over the past month, in just

one

> > > day

> > > > > Freddie Mac tumbled another 18

> > > > > > > > > percent, and Fannie Mae lost 16 percent amid

concerns

> > > that

> > > > > the companies would need to

> > > > > > > > > raise billions of dollars in fresh capital.

> > > > > > > > >

> > > > > > > > > Fannie Mae and Freddie Mac are the nation's largest

> > > buyers of

> > > > > home mortgages, and

> > > > > > > > > traditionally the government's backstop for the

> > housing

> > > > > economy. But with Monday's

> > > > > > > > > plunge, each of these giants has now lost more than

> > 60

> > > > > percent of its market value this

> > > > > > > > > year. The declines, along with a falling stock

market

> > > and

> > > > > growing unease about the

> > > > > > > > > possibility of more red ink at big banks, reflect a

> > > growing

> > > > > conviction consensus among

> > > > > > > > > investors that the current housing slump will last

> > > longer,

> > > > > and prove more severe, than

> > > > > > > > > initially feared.

> > > > > > > > >

> > > > > > > > > http://www.nytimes. com/2008/ 07/08/business/

> > 08fannie.

> > > html?

> > > > > > > > > em & ex=1215662400 & en=89fd2028a5a11 913 & ei=5087% 0A

> > > > > > > > >

> > > > > > > > > SAMVA , " cosmologer "

> > > <cosmologer@ >

> > > > > wrote:

> > > > > > > > > >

> > > > > > > > > > Hello dear list members,

> > > > > > > > > >

> > > > > > > > > > Yesterday, when the conjunction of transit 6th

lord

> > > JUPITER

> > > > > (financial stability, debts)

> > > > > > > > > with natal 4th lord VENUS (fixed assets, homes) in

> > the

> > > SAMVA

> > > > > USA chart was at its peak,

> > > > > > > > > the shares of the nations largest mortgage

companies,

> > > Fannie

> > > > > Mae and Freddie Mac, fell a

> > > > > > > > > stunning 16 and 18 percent, respectively.

> > > > > > > > > >

> > > > > > > > > > Best wishes,

> > > > > > > > > >

> > > > > > > > > > Thor

> > > > > > > > > >

> > > > > > > > >

> > > > > > > >

> > > > > > >

> > > > > >

> > > > >

> > > >

> > >

> >

>