The World’s 20 Strongest Banks Only Includes Three American Banks? – No, NOT A Surprise Since Most of the Largest U.S. Banks Are STILL Little More Than Unregulated Las Vegas-Style Casino Operations That Are Just Like in 2008 Only A Few Bad Trades By Their Overeducated Ivy League Flunky Traders From Having To Come Crawling and Begging Back to the American People To Get Their Sorry Asses Bailed Out….Again!
No DAMN Kidding!
…File we have the following story from Bloomberg.com which should confirm to everyone that the United States of America has some of the….
Stupidest Damn Bankers on Planet Earth!
“Banks from Citigroup Inc. (C) in the U.S. to BNP Paribas SA (BNP) in France are racing to shed assets and raise money ahead of new global capital rules that start taking effect in 2015. For Canadian lenders, these moves have created the opportunity to go on a shopping spree.
Canada’s six largest banks have spent $37.8 billion since 2008 on about 100 acquisitions at home and abroad, Bloomberg Markets magazine reports in its June issue.
“We and our Canadian competitors are only able to do that because we have some flexibility as a result of our strength,” says Gerald McCaughey, chief executive officer of Canadian Imperial Bank of Commerce, which bought JPMorgan Chase & Co.’s minority stake in asset management firm American Century Investments last year. “Over the longer term, this should actually help to maintain the strength of the Canadian banking system and its competitiveness.”
CIBC (CM) was No. 3 in Bloomberg Markets’ second annual ranking of the world’s strongest banks, followed by three of its Canadian rivals: Toronto-Dominion Bank (TD) (No. 4), National Bank of Canada (NA) (No. 5) and Royal Bank of Canada (No. 6), the country’s largest lender. Bank of Nova Scotia ranked 18th, and Bank of Montreal was 22nd.”
Here is a link to the list of Bloomberg.com’s World’s Strongest Banks:
1. OVERSEA-CHINESE BANKING (SINGAPORE)
2. BOC HONG KONG HOLDINGS (HONG KONG)
3. CANADIAN IMPERIAL BANK OF COMMERCE (CANADA)
4. TORONTO-DOMINION BANK (CANADA)
5. NATIONAL BANK OF CANADA (CANADA)
6. ROYAL BANK OF CANADA (CANADA)
7. UNITED OVERSEAS BANK (SINGAPORE)
8. DBS GROUP HOLDINGS (SINGAPORE)
9. HANG SENG BANK (HONG KONG)
10. SVENSKA HANDELSBANKEN (SWEDEN)
11. BANCO SANTANDER BRASIL (BRAZIL)
12. STANDARD CHARTERED (U.K.)
13. JPMORGAN CHASE (U.S.)
CHINA CONSTRUCTION BANK (CHINA)
BANCO BRADESCO (BRAZIL)
16. CREDIT SUISSE GROUP (SWITZERLAND)
17. PNC FINANCIAL SERVICES GROUP (U.S.)
18. BANK OF NOVA SCOTIA (CANADA)
19. SKANDINAVISKA ENSKILDA BANKEN (SWEDEN)
20. BB&T (U.S.)
Oh, what a Surprise! NOT!
Of the Top 20 World’s Strongest Banks one will ONLY find THREE banks in the United States of America…
PNC Financial Services
…and that those U.S. banks are on this World Strongest Bank’s List is not a surprise to us since as we wrote in this Mad As Hell And… blog in March of this year that those are the ONLY THREE U.S. banks we would do with (well, add Wells Fargo as well) and the ONLY THREE U.S. banks that we would own the stocks of and it seems that the folks at Bloomberg Markets agree with our opinion on the strength of the largest banks in America.
Mad As Hell And…. March 2012 Blog Entry:
“The Federal Reserve Does “Stress Tests” on 19 Large U.S. Banks Based Upon A Severe Recession – Does Uncle Ben Bernanke and the Fed Boys and Girls Think We Are Headed Towards A Severe Recession? – Hey, Here’s A Thought For Wall Street: Instead of the Fed Doing “Stress Tests” What About Just Forcing What the Rest of America Has To Deal With On Wall Street….”FREE MARKET CAPITALISM!” – Oh, Some of the Precious Candy Asses On Wall Street Can’t Handle FREE MARKET CAPITALISM? – Yes, You Are Probably Right About That! – In Only 25 Years Wall Street Went From Gordon Gekko To….”
Now the average American must be thinking after looking over the above list of….
….why there are only 3 American banks on this list and the answer to that query is Very Damn Simple:
The “Wizards of Wall Street” that run the largest U.S. banks otherwise known as the Sorry Bastards that got their asses in a sling in 2008 and came crawling and begging to the American People to bail their Sorry Asses out have been allowed to by OUR “Elected and Appointed” Leaders to turn their FDIC-backed and Federal Reserve regulated banks into nothing less than….
Large and Un-Regulated Las Vegas-Style Gambling Casinos
…that have nothing to do with REAL Banking which is utilizing the capital that is given to them by the Federal Reserve to MAKE LOANS to credit-worthy American companies that then go out and use that newly acquired capital to create new businesses and new jobs in…AMERICA!
Sadly, the vast majority of the Largest Banks in America are nothing but….
Large and Un-Regulated Las Vegas-style Gambling Casinos
…and they do Very Damn Little Lending to American companies that create new businesses and jobs in America and it is OUR Sorry Ass “Leaders” in Washington DC that have allowed these Bastards to turn America’s former Great Financial Markets into nothing but a Back Alley Parlor Game that is dominated by overeducated Ivy League flunkies that do little more than play Three Card Monte all day long sitting in front of their computer screens trying to scheme other overeducated Ivy League flunkies out of a few Bucks and then people really wonder why the American People believe that Wall Street is nothing but a….
Rigged Game that is Rigged against the People?
JP Morgan, PNC Financial Services and BB&T are STRONG American banks that do take some risks with their own and clients assets, especially JP Morgan which at times is overextended in our opinion especially at their overseas offices, but all three of these banks are very well managed and should be the examples of how the other Wall Street Gambling Parlors SHOULD RUN their banks but don’t hold your breath on that happening anytime soon since both Wall Street and the Sorry Ass “Leaders” of the American Republic could care less if these Wall Street Bastards blow-up the U.S. Economy again…..and again…..and again….and again and if they eventually take down the American Republic the TRUTH is that these Sorry Bastards in Washington DC could CARE LESS.
And that is OUTRAGEOUS!