Wednesday, August 12, 2009

Bank need more capital???

Seem JP Morgan is seeking more capital to sure up its books. They are selling 23 properties which will be the largest commercial real estate transaction this year.
Now if JP Morgan has to do that, I am really and truly questioning anything these banks say about their books. GE lying now JP Morgan selling assets, definitely these financials are still on rocky grounds.

DEAD DAY

Remember today is FED announcement. Coupled with summer August action I can guarantee that volume will be extremely low