Last Banks Standing: There Are Still Good Opportunities in Financials, Says Whalen

Evidently, banks bundled car loan, credit cards loans and school loans were bundled and sold like mortgages. Then the investment dealers did the same-o-same-o. Not good for all banks. The consumer has increases debt by 85%. Add it up and say banks are fine.

Do you have holdings in Bancorp and Well Fargo.........If not fair enough.......If you had.............oh...oh.... you know why...oh.oh.oh....

i love watching and listening to henry blodget, he's so dang articulate and energetic............good for you Yahoo

This guy is a sober, thoughtful, uber-bean-counter talking about an industry he's immersed in every day. I'd say you quackers might want to pay some attention to him.

Off subject but... from oil markets....Somalian pirates hijack oil tanker...bullish pirates selling oil on cash market...bearish causing the Saudis a headache....priceless

RF is a bank I'm lookin at. seems like a buy ... when the bottom is in.

We are in what history will come to call THE GREAT RECESSION.

….SAVE HOUSING (NOW EMPLOYEMENT AS WELL) AND SAVE THE WORLD…. If we aren’t spending now one will be making.

Sorry buddy. US Bancorp had over $4 Billion put into it as part of the bailout package. Bank of America probably had more in all likelyhood. There has been no mention of what dilution that creates for the common shareholder. Until the Treasury provides details on how much of these banks souls have been traded for some emergency funds, then how could anyone possibly intelligently invest in these organizations -unless you're an investor like Warren Buffet with true insider information that somehow seems to be above the law. If these banks are in an emergency cash flow situation already, and the credit market & defaults are likely to continue to rise for the next year, than this would be a pretty risky play. Transparency is seriously lacking and investment in any of these financials that are having to take Federal funds in these stop-gap emergency measures should be avoided at all costs. Heck, if you really want beaten down financials with alot of risk -go for the vegas stocks.

" I received 5 requests in the mail yesterday from Chase and CapitalOne..." Open all credit card accounts you can, run the balances to the max... then get a piece of the next great government bail out. It the best potential money making strategy out there!

HaaahHAHAHahhaahahahahahah!!!!!! One of my EX girlfriends had (in 1998!) a plastic debt balance of $56,000! And she was HAPPY about it! I tore mine up after that, that was A DECADE AGO! Haven't looked back since. It's just like quitting SMOKING kids, one step at a time.

If you are looking for a real bank, one that never entered the sub-slime mess and never ever sold the servicing of a mortgage they sold, check out third federal savings and loan (tfsl). Socialism is not required at this capitalistic bank

Bank is now strong...........Plenty reserve.......from Hendry put it far many billions.......This mean my couple of Dollar will be safe......

Publicly traded credit unions offer opportunity in the financial sector. The key is to look for any financial institution that does not sell off their mortgage portfolio, or any loans they make for that matter, but rather service them instead. This virtually guarantees that those loans were made with the idea that the payments provide stable income and were made in concert with prudence.

i think the best bank out there is banco santander... they have a diverse exposure and didn't get burnt from US related sub-prime, cdo, etc. etc.. stuff.. plus they're looking at asia for their next conquest.. not a bad choice..

Just read in the Ft.Worth(Texas) Star Telegram last night that Citi has a $200 million dollar office/bldg. for just 24 employees! Go figure....sell that and save some jobs...or does that make too much sense????

Want to invest in a bank that has a tier 1 capital ratio of 19%, check out third federal (tfsl). They actually hit a 52 week high in the current social street melt down

Loved this piece! Here's a guy who looks at the actual financial ratios, and rolls around in the data. Anyone who is not taking that approach is guessing, but Chris Whalen does it right! Good work TT team.

Well a few years ago we started out with blaming the Bartender for drinking too much, and now we are allowed to sue them. Just yesterday, I received notice that as a broker I am responsible for people making their payments....AH...unless I have access to their check books, I cannot force them to make their payments. I am a boring broker, I do boring 30 yr fixed mortgages and tell people not to spend more than they can afford. Because you want to be able to go out to dinner every once in a while, go on vacation, ect. So, far my customers have done well. I did have one come to me for help, she went to a local casino on a daily basis, and played away her house payment. She could afford the bill, but if she would have lost her house under this new law, I would have to pay for it. What a bunch of garbage. We have socialism and no one has to make sure they pay their mortgage, they can drive to work drunk, and when the project is not done they can blame their co-worker, and the bartender is sued because he was open. Why are we letting our elected officials make this lack of responsiblity laws.....I get it; it is so they can look stupid giving away our tax dollars to the rich, who at the present time, made bad investments, and it is not their fault. RIGHT! It was my fault, because I am her and letting the government give away my tax dollars to the rich and watch my parents who have worked their entire lives, struggle to pay their medical b bills and to eat. I do what I can but I can only due so much because I have a mortgage, $750/month (cheap I know, but I can pay it) and my family has its needs as well. I think it is time this generation grew up and takes responsiblity for the mess we have allowed to go on. It has been coming since I was a little girl for 30 years and if you think different; brush up on your history books. Both the republicans and the democrates have sold us out and they both have one agenda and that is filling their own pockets and not doing their jobs they were elected to do for the citizens. I think that is treason but that is just my point of view. I hope things get better, but I will remain Cautiously optomistic, but I have serious doubts they are doing anything except stealing money from the tax payer----AIG already proved that----myself, AIG will never get one penny from me, because the will never have me as a customer. That is the way we can each put a stop to this BS, stop paying these jerks to steal our money, take your business to an honest company, they may cost a few penny's more, but if they are honest and do a good job they are worth their weight in gold. Have a good day.

better yet, join a credit union Ive been in Bay Gulf Cr. Un. since l960 and they are doing well from fiscal bais.