講真，銀行係啲乜？咪係個錢入錢出嘅黑箱，希望最後有盈利咁解。唔同意孫柏文話銀行係黑箱嘅滙豐(005)fan屎，唔該諗吓，你之前知唔知佢哋有個要上身嘅200億美元SIV？
點都好，大家可能會驚一旦黑箱被識穿，炒上動力就會冇咗。我只可以話，一個黑箱可以好耐都冇人識穿，睇吓馬多夫就知。
過到關就係英雄
馬多夫爆煲，係因為提款多過存款。其實如果冇人提款，馬多夫今日仲係過緊大富豪生活。
銀行就一模一樣，所以除非有存戶擠提，啲銀行就可以繼續營業，用啲會計手段話自己大賺特賺！就快要出第一季業績？啲銀行就話：「有機會做show啦！」都不知幾開心。
大家可能會話：「奧巴馬就係知啲銀行會勁屈會計制度機，所以就獨立地推出壓力測試。過到關就係英雄！起碼冇事。」壓力測試嘅原意，係去睇究竟啲銀行喺更差嘅經濟環境下，頂唔頂得順。
避稅天堂咪譯錯
咁大家知唔知喺壓力測試中，假設09年最差嘅失業率有幾高？8.9%。上個禮拜都已係8.5%，聰明嘅fan屎，你話啲銀行過到壓力測試係咪真係「冇事」？壓力測試已變笑話。
最後題外話。Tax haven又唔係tax heaven，點解會被譯成「避稅天堂」？
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Seems like someone agrees with me...
Geithner's Stress Test "A Complete Sham," Former Federal Bank Regulator Says
Posted Apr 06, 2009 10:00am EDT by Aaron Task in Investing, Recession, Banking
Related: UBS, C, BAC, XLF, SKF, FAS
The bank stress tests currently underway are “a complete sham,” says William Black, a former senior bank regulator and S&L prosecutor, and currently an Associate Professor of Economics and Law at the University of Missouri - Kansas City. “It’s a Potemkin model. Built to fool people.” Like many others, Black believes the “worst case scenario” used in the stress test don’t go far enough.
He detailed these and related concerns in a recent interview with Naked Capitalism. But Black, who was counsel to the Federal Home Loan Bank Board during the S&L Crisis, says the program's failings go way beyond such technical issues. “There is no real purpose [of the stress test] other than to fool us. To make us chumps,” Black says. Noting policymakers have long stated the problem is a lack of confidence, Black says Treasury Secretary Tim Geithner is now essentially saying: “’If we lie and they believe us, all will be well.’ It’s Orwellian."...
(More here)
So should a regular citizen still believe in "Future Value of Money", given most people would have been better off with their money originally in the cookie can than being put in any banks and seeing them dive with MPF, stocks, mutual funds, etc?! What is your thought?
ReplyDeleteI really don't know any put or call or any of those "I Kill you later" instruments but just simply contributing money monthly from my payroll to some so-called "finanacial adviser" who put my monthly contribution into Royals Skandia and I keep seeing negative return!
Until my confidence as a regular citizen returns to normal by seeing a +ve, REASONABLE return (i'll be happy with even a 5% return annually for the next 10 years) I think bankers and so-called finance people are all liars if they claim to be able to achieve xxx% return for me!
The whole point is the government DOES NOT WANT you to have 5% or whatever rate of return you think it is reasonable.
ReplyDeleteThe reason why they don't want you to make money on investments? Because if you do not make $$ with the money you have on hand, what would you do? Spend it!
They want you to spend your money!!
But of course, they then are scared that you will have no money left when you are old.
So they make you invest in MPF.
It is sad.
Thats why I am part of the Lion Rock Institute. We want to abolish the MPF.