Bronte Capital

Here is the FDIC press release .   The prefs along with common and most of the debt was wiped out. J To my many readers who disagreed with m...

FDIC confiscates WaMu. Now we find out what WaMu has not been telling us. http://www.cnbc.com/id/26893741 It had (a) enough liquidity for ne...

Washington Mutual Pref is wildly mispriced compared to the common.  The common is behaving badly - but as if survival is a small possibility...

I don't own any WaMu common.  I do own the pref - and there is a reasonable chance that will be wiped out.   The Motley Fool knows what...

This sucks.  I have a highly speculative bet on Washington Mutual preferred.  It runs that I think a takeover is more than 30% likely.  It m...

Jeff Matthews has nailed the essence of the Paulson plan and the Buffett buy in Goldman Sachs in one sentence: More seriously, we wonder th...

I have started getting a wave of comments promoting commercial services in debt consolidation, mortgage workout and the like. I delete these...

I have noted that the FDIC seems to take a lot to take over a bank .   It took 42% non performing loans (versus about 4% and WaMu) for the F...

Lots of amazing things have happened in US capitalism in the last ten days. Monday's oil price spike has been lost in the noise. But i...

Last Friday’s FDIC event – the takeover of Ameribank – has given me some thought. It’s a small bank – it has 8 branches, 112 million in ass...