Talk of The Villages Florida - View Single Post - Did anybody watch Glenn Beck's program
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Old 02-25-2009, 03:35 PM
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Default The non new CEO's will take advantage of the current

environment of negativity/losses/etc to flush the all their unfavorable accruals and tax loss carry forwards....in addition to scouring the books and operations for what ever else can be thrown in. In the current all is going to 'H' in a handbasket environment they will be just one more forecasting poor results....but they will be stronger in the coming months.

Just like all the banks and lenders who are identifying every loan that even looks outta whack and automatically writing it off. The banks have a double advantage. They have takien the write downs and they have recieved TARP funds which they have yet to release for what it was intended...loans and easing of credit. They have elected to sit on the billions of bailout dollars earning 2% or less with zero risk.

So all the above, while a little more than stinky, bodes for stronger financials later this year.

A very good example is small business loans are very difficult to come by these days...however...there has been a substantial amount of money put into the SBA bank's coffers....still almost impossible to get a loan.

Until these big $$$ bail outs flow to the hands of the people, there is no gain from the bailout $$$ except for the institutions that have them.

With the no strings attached...no accountability...here ya go go is that enough mentality...nothing is going to CHANGE. Oh how I have come to hate that over used and abused, hollow sounding no basis term.

K