FDIC Q3 Banking Profile: 552 Problem Banks
Submitted by
CalculatedRisk on Tue, 11/24/2009 - 7:43am (155 comments)
in
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This continued profiling of so-called 'problem banks' is politically incorrect...
i didnt get
I want to see a truly informed, intuitive comment on top, cinco.....
SheBair is waiting for the December assessment payments to come in
JD, yeah, they are just misunderstood.
This was higher than I expected ...
best to all
We can fix ANY bank problems by expanding the extend and pretend TARP.
those first two charts look like a saucer shaped recovery
Does anyone have the average FHA loan credit score and downpayment?
TIA!
---Nevermind.
Average credit score chart, FHA loans
The banks take on bad loans. The loans don't perform. The assets get written down. The banks get bailed out - or go bust and are taken over by the FDIC.
Either way, the taxpayer picks up the tab.
From the banks' perspective ... where's the problem?
Maybe 553. Federal Reserve?
If we decided to include CIT/Citibank and BoA that 'Assets of FDIC-Insured Problem Institutions' graph would look a little different.
Black Star Ranch wrote:
Me too:
Comment by Cinco-X from thread 'Case Shiller Home Price Graphs'
Black Star Ranch wrote:
I'll make some calls and get back to you.
How many beans make five?
Four. One is a has bean.
Regarding the DIF. The banks received credits from the DIF during the boom......I mean fraud years.
No joke. The banksters instituted new rules so that they would actually receive credits that were based on fraud.
What a sham(e).
Inmate # 8,200,000,000 residing @ Château DIF?
OT:
Deadly flu spreads across Ukraine | zero hedge
Really funny pig drawing at the bottom of the page-
The third brick wrote:
Are they discoloured beans? Because I'm not paying to ship those ugly things halfway around the world just to assuage my conscience.
I love seeing the USD/JPY cross getting whipsawed every day. We tend to have an 89 handle when the Nipponese are awake and tend to have an 88 handle when the Americans are awake. Competitive devaluing at its finest?
552 Problem Banks.
That means there are 10 or 12 good banks. Lead with the positive news.
,czar CR,
If the ChiTown politicos couldn't pull strings, what chance does any other failing city's mouthpieces have?
Nice. (no link on wsj yet, just a headline.)
* Saab buyer backs out of buying the brand from GM.
So the DIF decreased by $18.6 billion in one quarter. Looks like SheBair's $45 billion "prepayment" of insurance premiums, which was intended to cover three years, might cover 2-3 quarters . . . more assessments ahead.
From the report:
Caution, strong language follows of necessity.
.
.
.
.
FOURTEEN fucking quarters?! Loan loss reserve ratios have been deteriorating since Spring of 2006 and they haven't addressed the issue yet? Where are the "ongoing concern" warnings? This is beginning to sound like the banks are TTTF and they know it. "...Or what Mr. FDIC? You'll close us down? Hah!"
via someinvestorguy's link
More Dallas home sales prices kept secret |
News for Dallas, Texas | Dallas Morning News
| Latest News
So C-S for those states is unreliable. So could be said of any state with a lot of distressed sales or flips (because they aren't included). Inventory rules, they'll all see eventually
Black Star Ranch wrote:
intuitive?! C'mon BSR, the man's an engineer fer Chrissakes!
from Raw Story - Revealed: CEOs cashed in before Wall Street crash: Developing...
Gee what a surprise
some investor guy,
I am in Dallas metroplex and looking to buy next year, hopefully after all of the FTHB and other money goes away. A lot of the layoffs in this area happened long enough ago that UE is run out or running out very soon, so likely see more foreclosures in a few months time. In TX the foreclosure process is very short in terms of legal time lines, and I do not see long drawn out things like lawyer liz talks about in FL.
What I am seeing is lots of empty houses, both for sale and for rent, and many houses listed for sale are also listed for rent, but at silly prices that suggest people have no clue of what real rents are, i.e., accidental landlords.
Many of the reasonably priced houses relative to comps are sitting on the market for a long time, same as rentals. I called about a rental that had been listed for nearly 3 months, and "yes it is still available". I see nothing to suggest that we are at a bottom, just the "players refuse to yield"
The issue with this lack of disclosure IMHO is that it narrows the comps to a smaller selection, usually making some of them older, and some of them not truly comparable. I personally would not buy in Dallas city or county, there are too many other suburbs that are well run and financially prudent to risk the Dallas insanity. If you are working downtown, there is too much DART line to justify Dallas for a short commute.
I thought we had another person in DFW here looking as well, but can't remember who it was.
EHP: Per the story yesterday on the 'public auction' of DIF held properties in GA results being withheld isn't that the same thing as keeping prices secret just using another method??
noob goldberg (profile) wrote (in reply to...) on Tue, 11/24/2009 - 6:51 pm replyIgnore userThe third brick wrote:
How many beans make five?
Four. One is a has bean.
According to the Pareto principle, 20 percent of has-beans control 80 percent of the total beans.
re: FDIC + TLGP
I never considered it because TLGP members are TBTF (whether they are a bank or not), but the losses to the FDIC would be huge. There would be the regular losses in the case of bank borrowers, and then the insured bond payout on top of it. Really making it in the FDIC's interest not to trigger a default condition. How they set those "insurance premiums" is beyond belief.
CaptainMorgan wrote:
Not DFW, I'm teed up for a 1Q2010 purchase in the Houston area...
The worst part of the bailouts are that the Fed & Treasury have allowed the perpetrators of the biggest financial fraud in history to walk off with hundreds of billions.
This travesty increases the cost of the fraud on the rest of society.
cinco-x
didnt see funny pig but chernobyl is in the ukraine, wonder???
the FDIC pre-payments were/are not intended to cover 3 years, it is a way to get $45bn from banks that allows the banks to concurrently record the money paid as an asset. Accounting magic
Said perpetrators would be foolish to leave their ill-gotten gains in dollars, they would want to be shielded from it's downfall, surely?
@EHP
I was just looking at today's releases for the St Louis Fed and it seems the recession bars extend to the current data. Weren't you commenting a few weeks ago that the latest numbers extended past the recession bars?
St. Louis Fed: Updates
.
When does the harvesting of gains start? Many small banks use these gains to juice otherwise dismal operating results.
Terry wrote:
My guess is that the pre-payments with get the FDIC to about June, 2010. Then, they will be forced to draw on their Treasury line.
Recent asset losses on closed banks has been running 25-40%. $345.9 billion in troubled assets produces $86 to $138 billion in losses to the FDIC. They can't cover that with assessments. I also suspect that actual losses will be much higher as the CRE firecrackers go off.
Nanoo-Nanoo wrote:
First I've heard of it, maybe it was a matter of national security.
EvilHenryPaulson wrote:
You can see all looking at the MLS and online, days on market and a good memory will tell you everything you need to know, if you can keep track of what is getting pulled and reset.
A lot of the decline in Dallas that I have seen is in inventory that never should have had a run up, and that is in a city that didn't really have much of a price run up. In terms of condos, there were lots of apt to condo conversions, and this is where the majority of fraud occurred, first time uneducated low end buyers were an easy mark. Lots of neighborhoods that were at or below median price saw lots of foreclosures, and I'm not seeing the pockets like this in lower end or higher end neighborhoods. Some areas make it look like we entirely escaped the housing issues and recession, and other neighborhoods multiple houses on multiple streets that are REO. It all appears to be price point related, and I suspect it says something about wages of the job losses.
Juvenal Delinquent wrote:
Possibly but:
Perhaps the best shot the US government has in that market is for the stock markets to crash, since that will lift the US dollar, and free up a lot of financial space for the administration. Of course, it would also crash the banks and the housing industry, but then, they are goners anyway. Politically, job creation would be good. Let's see Washington add another $1 trillion to that debt load.
Mind you, CDS bets against Italy are through the ceiling, Greece may fall through the floor any day now, Spain moved into the basement months ago, Japan is celebrating a decade of rigor mortis and China is a bubble with 1.5 billion souls wearing brave faces who have no-one left to sell their earthly goods to.
Everybody has to keep on buying. Until they won't.
From AE
Timely poster from Despair, Inc.
http://www.despair.com/bailouts.html
When the ABD moment hits, what a mad scramble it will to get rid of them, for something, anything.
Juvenal Delinquent wrote:
This is certainly my concern. Especially when 20% of the has-beans control 80% of the beans, and those 20% are a little skittish.
So, you guys like to tell jokes, huh? Gigglin' and laughin' like a bunch of young broads sittin' in a schoolyard. Well, let me tell a joke. Five guys, sittin' in a bullpen, in San Quentin. All wondering how the fuck they got there. What should we have done, what didn't we do, who's fault is it, is it my fault, your fault, his fault, all that bullshit. Then one of them says, hey. Wait a minute. When we were planning this caper, all we did was sit around tellin' fuckin' jokes! Get the message? Boys, I don't mean to holler at ya. When this caper's over - and I'm sure it'll be a successful one - we'll get down to the Hawaiian Islands, hell, I'll roll and laugh with all of ya. You'll find me a different character down there. Right now, it's a matter of business.
Juvenal Delinquent wrote:
Yes, but it will have the biggest red flag in history just before it happens with an epic dollar short squeeze.
black dog wrote:
seems I or someone else finally got through to them, if you look at charts last updated on November 23rd the recession bars end at July
see: St. Louis Fed: Updates
so the gray bars were fixed yesterday afternoon or early this morning
some goofball at the st. louis fed declared the end of recession weeks ago because the gray bars had been keeping up to the present, and then they jumped back to July 1 all of a sudden, and now peace in the universe is restored once again
thanks for letting me know
energyecon wrote:
Personal question, but why the timing?
I am waiting out the FTHB credit, but with my luck it will become permanent. We renewed lease to make this happen, but are renting for same or less than what we could buy for, so it's a wash.
http://wwwnc.cdc.gov/travel/destinations/ukraine.aspx#notices
How nice of retailers to widen their aisles in anticipation of lessened inventory for them to spend their old measures of worth, with.
from the last thread:
I'm really starting question whether or not ZH has good information. This article on flu in Ukraine is terrible.
HomeGnome wrote:
Well, given how that story ended, we might as well laugh while we can.
energyecon wrote:
Also an (amateur) guitarist-
The local Lowes had the ChristmasCrap out before Halloween this year.
.
> Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.
Me? Don't worry about me.....I'm having a
in the shade off to the side, watching the people enjoy THEIR ride on the 'merry-go-round'. It's way too much "fun" for me at my age, thank you.
gabyjan wrote:
Sorry; bottom of the article but above the comments-
I see nothing to suggest that we are at a bottom, just the "players refuse to yield"
That's exactly the impression I get in my area. Lots of these accidental landlords and "investors" are bleeding money pretty badly I imagine. They'll come around just as the illusive recovery slips away.
HAL: I've just picked up a fault in the FDIC unit. It's going to go 100% failure in 72 hours.
Rob Dawg wrote:
The one thing I find amusing is that supporters of the barbarous who recognize the potential for this squeeze are still convinced that PM's will appreciate simultaneously. Right after that squeeze will be the time for shiny stuff, but it's going to get hammered just like every other commodity.
Juvenal Delinquent wrote:
My god, it's full of ARMS.
You guys crack me up...good stuff.
ksmithderm wrote:
I liked Economics better.
Black Star Ranch wrote:
I think it is unlikely that the Fed raises interest rates before 2011, and if signs of deflation are still around, maybe 2012.
Comrade Janošik wrote:
I had a friend lose a job and get one in another state, rented his condo as he really wanted to come back to the area. He had it listed at $1100 FIRM no ifs ands or butts about price as it was what he NEEDED to break even. Suggested to him to look into what market rent was and to move it rather than sit empty. It sat empty long enough that a $100 or $200 reduction would have been a better money maker overall.
Smart well educated guy making a mistake like this, and it seems to be the same situation over and over.
,rad noob,
Perhaps the most valuable currency in occupied Europe during WW2, was cigarettes.
Every moment has it's time, and the barbarous has had plenty of those moments over the past few thousand years, not a bad track record, eh?
Rob Dawg wrote:
Hate to ask, but what is an ADB moment? Google was of no help-
Juvenal Delinquent wrote:
The Barbarous of Seville, or The Useful Precaution. I've seen this opera before.
Cinco-X wrote:
Guessing by context: "All But Defaulted".
Mr Slippery wrote:
When we have sufficient hindsight, I suspect we'll find that Fed and govt. policies were behind this, not driven by it-
Juvenal Delinquent wrote:
I'm not belittling the barbarous, make no mistake, and I think it's time is rapidly approaching. There's just one little business matter to attend to before then.
Anything But Dollars.
it's probably a good week to start shorting gold, these big runs tend to end after teasing some psychological number like $1200 in this case
but comex is no place for an individual investor, so might as well short something like equities via options or high yield bonds
don't want to get caught in another government intervention this time (ban on short sales, market closures, capital flow restrictions, ... and possibly a cap gains recast for US investors)
EvilHenryPaulson wrote:
SDS?
If you're not holdin'; you aren't golden.
Rob Dawg wrote:
Dutifully added to the glossary-
Around here an Engineer is the guy who drives the train!
CaptainMorgan wrote:
He's not alone, its endemic within the business community as well. Covering 50% of your fixed costs and 100% of your variable costs is a better decision than shutting down and having to cover 100% of your fixed costs. But to operate like that requires a pool of liquid capital to survive until you outlast your competitors or better markets return. Business schools teach that it's a poor utilization of capital to have it just sitting there, instead of being put to more effective use, so we'll see how many companies are still operating 'old-school'.
In this day of leveraged operations, the naked swimmers will surface very quickly.
EvilHenryPaulson wrote:
Lobbyist Ben Dover wrote:
In many states, you're not allowed to capitalize the term engineer unless you've passed a test and been granted the title of "Professional Engineer".
,rad EHP,
What is the only financial instrument that stands alone, and isn't tarnished by fraud in other financial circles, but whose value is in fact enhanced by said effects?
HomeGnome wrote:
what's your point?
Smart well educated guy making a mistake like this, and it seems to be the same situation over and over.*
Exactly, that's what I don't get....how is losing 4-5 months rent (~$5000), preferable to letting the price slide 200 bucks.
Just keep the lease at one year and raise the rent if and when the economy recovers.
It's exactly this price range, rentals between say $1000-$1500, that I see this trend. These are places that just don't have takers...people can't afford them. They'll move into a complex or something they can afford out of necessity. The price needs to come down to maybe a $700-$1200 range, and that's if things don't get worse.
Kind of like a unauthorized pharmaceutical manufacturer. I learn all the time!
cinco-x
finally found el bandito pig, the article was written by project mayhem, as a guest. not zh
long long time ago dad was stationed in edgewood md, he was with nike package, not the center blah blah blah,
Phonetic transmutation rules suggest that ABD may refer to Obadiah.
Obadiah on the mortgage crisis:
And the house of Jacob shall be a fire, and the house of Joseph a flame, and the house of Esau for stubble, and they shall kindle in them, and devour them; and there shall not be any remaining of the house of Esau; for the Lord hath spoken it.
Is Wall St. laughing or deadly serious about what they are doing?
I didn't like gold at $800, I'll be damned if I like it at $1100. We're finally in a period of very low inflation and/or deflation and people run to gold. I just don't get it.
If gold goes to $5000 (hey, why not? we love bubbles) it will be because of "investors" chasing price. No different than internet stocks, houses, oil at $140 or tulip bulbs.
jd
dont forget after did a lot of buying with cigarettes and nox nix coffee.(instant)
I apologize, Goldfinger. It's an inspired deal! They get what they want, economic chaos in the West. And the value of your gold increases many times.
When somebody stumbles upon the ruins of our society 378 years from now, if they find examples of our paper-money that are comparable with commonplace everyday printed items of the time, they may wonder why we held the rectangular shaped ones in such high-esteem?
Juvenal Delinquent wrote:
"Don't wipe so good but so much cheaper than the soft stuff that comes on tear off rolls."
if a central bank wanted to increase inflation expectations, it seems that the most effective mechanism would be monetizing gold, especially since increasing gold price is psychologically linked to inflation.
HomeGnome wrote:
As long as it ends like Reservoir Dogs, I'm happy.
so Gold is suddenly just that much of a better store of value than copper, oil, aluminum (once the most precious metal in the world on a side note), ...? or is it just that commodities are spring loaded to shoot higher any moment now?
the teensy-tiny central banks are buying that much relative to what the big central banks can, and have demonstrated the will to sell the price down through financial crises to reassure markets? there is that much tax evasion going on and gold is the only way about it? import demand has suddenly picked up in India? the souks in Dubai aren't suffering from a lack of buyers? that the ECB didn't gift DB all the gold it needed to settle its gold trades without causing a price squeeze via physical delivery ?
you're ignoring a rush in and rush out trade in favor of longer term principles, and then assigning all price increases to your favored interpretation
btw -- those Asian central banks with all the big reserves and gold buying, guess where they would like to see the USD go right now? it's not even out of the question that China, one of the larger gold producers, could stop banning the export of gold in an effort to maintain domestic employment via the beneficial currency, and inflation signals that a gold sale would allow
IMF Director urges caution as OECD data shows GDP of 30 nations rose 0.8 per cent in Q3
World economy grows again but risks remain, warns IMF -
Business News, Business - The Independent
,rad Angry,
I feel your anger. Not much con potential with the barbarous, and I know how you like that word, a lot.
Basel Too wrote:
So, do you think India bought all that gold to hedge their own currency or their foreign reserves?
Angry Saver wrote:
The question to me "what is the rate of decay of the currency" What would make better money on a deserted island fish or coconuts? I would argue coconuts because they would be useful say during a storm and you could not fish. If you do not consume the fish soon it goes bad. Some might compare us to a drunken bully in the bar forcing people to take it's IOU's so he can buy more drinks. At one time he was respected now he is just feared but everyone knows his all of his IOU's cannot be redeemed for a fair price.
HomeGnome wrote:
Laughing all the way to the bank?
No but seriously folk... Seems to me that all humans are serious about what they are doing. I do what my brain is capable of doing. The banksters are too. What we call "society" is just the sum-total of all the (serious) people doing what their brains tell them to do. (Which is a variation of the old saying: Reality is just a collective hunch.)
Basel Too wrote:
I don't disagree with that, but have 2 points to add.
Driving inflation expectations through commodity price signals is unlikely to direct investment into areas that would spawn a productive recovery. It would pull investment away from the areas you want to see it going towards.
Oil is set for a crash. If oil drops below $30 per barrel, all the gold buying in the world won't make a difference. You don't start building your foundation on top of 6 stories of scaffolding. All the other markets will follow for a broad list of reasons.
EvilHenryPaulson wrote:
It would sure wipe the smug look off of the Albertans.
HomeGnome wrote:
We're planning a caper?!?!?
Can we have code names ... ?
... oh ... nevermind.
EvilHenryPaulson wrote:
Can you elaborate on why a crash in the price of oil would have a negative impact on all markets? What is the mechanism? Where else is all the excess liquidity going to go?
Howdy Doom Jockeys,
What is your score in the game of life? God wants you to compete in your self interest. The government will keep score. Your work will be converted to electrons that rank your score. You can spend your electrons on necessities and luxuries. The use of old tangible money is still permitted but discouraged. Robot tellers have governors capping your daily conversion of electrons into dangerous cash.
The governing valve of the ATM keeps our customers in the game. Once they have amassed enough electrons they almost never opt out of the system and in fact become its strongest proponents.
Our game is dependent on the acceptance of the governing valve. It allows us to create astounding amounts of free electrons which we can use to have sex.
The other day I watched part of the Buffett and Gates chit chat at Columbia University. I'm so sick of WEB. I think he is becoming just like Trump - full of himself and over-exposed. Saying nothing is better than spewing tripe.
Anyway, Buffett stated that cash was the worst investment. That's idiotic. Buffett should know better.
The worst investments are OVER-VALUED assets. Over-valued assets inevitably lose more than cash. Gold is an over-valued asset imo.
EvilHenryPaulson wrote:
you're a smart guy and I respect you
I am interested to hear the scenario that would make 30 a barrel reality.
Bubblisimo Gerkinov wrote:
Download the charts and plans from the links on the secondary discussion board. Code names are in the appendix.
noob goldberg wrote:
The easterners always have to go after Alberta eh, maybe if you weren't complete jerks in every interaction Alberta would be a lot more mellow on a national level now.
Besides, there's always so much going on around Mr. Goldfinger. It would be a shame not to accept his hospitality.
noob goldberg wrote:
Heh ...
Angry Saver wrote:
It is what it is and it ain't what it ain't.
It is the same yesterday, today, and tomorrow. It has a store of value, is readily accepted as a medium of exchange, it's portable, durable and most important has no counter party risk if you are in possession.
Good luck with the discussion.
Angry Saver wrote:
Gold has only BEGUN to be overvalued, imo... When the fever hits,.. it runs to the irrational in a BIG way.
,rad EHP,
You are an obviously very bright young person that can probably crunch the numbers and understand the content better than most, but you aren't hep to financial history and tradition.
It's pretty easy to look at Christianity as a barbarous relic, it's ridiculous really, isn't it?
Those 16 words I just wrote will cause some servant to the cause, to come out of their foxhole, to defend something that may or may not have happened over 2,000 years ago.
The difference with the other barbarous relic, is it's all-too real, fungible not a fantasy.
EvilHenryPaulson wrote:
Sounds like (yet) another east/west battle? The sophisticates vs the rubes. The big social group vs the small independent group. The godless commies vs the heroic free-enterprisers.
I'm betting the socialist win.
BBC is reporting China just executed the tainted milk pair.
Rob Dawg wrote:
Is that for Level 2 posting?
Can we skip the gold flame war today? People have chosen their sides for the most part, so let's just watch things play out.
Bubblisimo Gerkinov wrote:
It's the roast beef discussion board.
EvilHenryPaulson wrote:
RATM wrote:
I agree, but where's the fun in that?
Gold is the the original global currency. It will also be the last.
otishertz wrote:
Shoot enough electrons at anything and it is eventually destroyed.
otishertz wrote:
But, the game itself is (almost) always longer than the pre & post game shows.
RATM wrote:
We're having a flame war!? Kewl
The "Born from Jets" brand is about to crash and burn
otishertz wrote:
What is the total amount of gold?
What is the total amount of all transactions in the world during one year?
If gold is used for those transactions, will it have to move so fast that it burns up in the atmosphere?
Now that the FDIC is bankrupt, the taxpayer-funded bank closures can begin in earnest.
This is a backdoor inflation mechanism that can push money into the real economy and not fester in TBTF banks.
Comrade Rally Monkey wrote:
A real Saab story.
Takes a special congressionally approved electron bazooka to conquer The Almighty Glod.
JP wrote:
Long kryptonite?
careful what you ask for
2 non-renewables rule the financial roost, one powers the engines and one empowers wealth.
(AP) The pharmaceutical company GlaxoSmithKline says it has advised medical staff in Canada to not use one batch of swine flu vaccine for fear it may trigger life-threatening allergies.
GlaxoSmithKline spokeswoman Gwenan White said Tuesday the company issued the advice after reports that one batch of the swine flu vaccine might have caused more allergic reactions than normal.
She says the affected batch contains 172,000 doses of the vaccine. She declined to say how many doses had been administered before the advice to stop using them was given.
Speed wrote:
Bank closures destroy money, not create it.
I got my wife to defer since 3Q2007 and she's a keeper
Gold has only BEGUN to be overvalued, imo... When the fever hits,.. it runs to the irrational in a BIG way.
Blackhalo,
Yep, very possible. But just like houses and dot.CON stocks, the majority won't find a life boat after the good ship hopium hits the iceberg. Price is what you pay, value is what you get.
Thanks for noticing the middle part.
Basel Too wrote:
What do yo mean by "monetize gold"?
noob goldberg wrote:
the levered players sell their biggest winners first
otishertz wrote:
It is also the original bubble commodity... What else could have drawn those bubble lovers to California, whose descendants brought us Silicon Valley tech bubble and the bubble on Cali property values...
The gold doesn't actually have to physically move, just like federal reserve notes don't have to, and even if it has to physically move, it could deflate arbitrarily. That said, you're right that historically, there hasn't been enough of it for everyday transactions.
EvilHenryPaulson wrote:
Have you ever driven on the 401 through Toronto? It's impossible not to turn into a jerk.
Monetizing bank liabilities creates money
I agree there are too many transactions to use actual gold. Can't use oil or salt either. You could securitize and electronify all the real estate in the country and use that to re brand your electrons and maybe throw in half the digital stock market to sweeten the deal.
What does this mean?
Blackhalo wrote:
Which is why anything valued in a fiat currency can be bubbled. In the end, Glod and Oil are only bubble proof when all the fiat currency is gone.
JP wrote:
The Gold Council estimates are that total above ground gold stocks are about 5,175,202,156 troy oz.
CR has a Glod Governor that pigs after 33 glod related keywords. It is a good thing.
otishertz wrote:
Religious discrimination!
glod governator
Mr Slippery wrote:
What's that, around six and a half trillion at today's prices? I've got more MBS in my sock drawer than that.