This was on the Whispers report.

though the days of runs on the bank are probably well past us, recent data has shown
during the past few weeks there has been an increase of $44.9 billion of new loans funded
by U.S. banks while depositors have withdrawn $30.2 billion from their banks. The result
of this $75.1 billion difference over the past few weeks is total loans outstanding are
now in excess of their deposits at U.S. banks for the third consecutive month.

by zladyoh (22 hours ago) - Ignore this user
No financials are honest with what is going on. They do hide some important information
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Ain't THAT the truth! They've got "Tier I stuff, Tier II stuff and Tier III stuff" and it
all means something different. The best explanation I heard was "Marked to Market,
Marked to Model and Marked to Myth." All I can say is if I buy ANY of that stuff it'll
all be TEAR STUFF.

Look at BAC announcement today: more to come. Below from Minyanville.

"Closer to home, Citigroup (C), Goldman Sachs (GS), Lehman Brothers (LEH), Merrill Lynch
(MER) and Morgan Stanley (MS) are together paying out $65 million extra in lending charges
on $9 billion worth of bonds issued since July, according to the Financial Times.

On top of the increasing costs in the bond markets, the banks are having to pay millions
in extra charges to borrow in the shorter term money markets, where interbank rates have
risen sharply since July, the FT noted.
Moreover, leveraged loans, stuck on bank balance sheets as buy-out deals have been delayed
and are also threatening to take a bite out of profits.
According to data from Dealogic, worldwide 25 banks are together paying out an estimated
$300 million extra in lending charges on $70 billion worth of bonds issued since July. "

Too many teaaleaves for a neophyte like me to stick my neck out more than an inch or so.

No financials are honest with what is going on. They do hide some important information.
They don't want the money they use to get taken away...It is only when they are on the
spot do they tell you part of what is going on...so the earnings are really important.
Earnings will tell the story, but that could be in the next quarter when that comes out.
I just wonder what other funds they have lost money in. MS has the least exposure, but
will get taken down if the earnings with LEH are bad, as in very bad.

I usually never hold over earnings. I would sell GS before earnings that gives me a
couple of days. But that is only if LEH pops up after the earnings report. I am doing a
strangle with LEH...Sept 65 call and Sept 55 Put but selling when I get 2.50 or more out
of either way.

by HenryTheTrader - Ignore this user
It may be the wisest course to wait until there is a clear trend in the financials, before
you buy, or sell. No need to jump the gun.
There is enough to be made in the middle.
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Smart.

It may be the wisest course to wait until there is a clear trend in the financials, before
you buy, or sell. No need to jump the gun.
There is enough to be made in the middle.

I think the media has made the broker's situation look TOO BAD.

Goldmans is 20% off its high.. The current Bad news is in there. With hopefully a rate
cut coming...there could be good news ahead.

However, there are tons of people on both sides of the trade.

There are people anxious to sell, and there are people anxious to buy. Almost the
definition of volatility. Next week will be INSANITY.

Im ready for the market to be OPEN!!

The financials have too many unknowns yet to playout. Hard to imagine no more nasty
surprises. If I'm going to play them I'd use the volatility which is likely to continue.
Buy puts after sustaned rallies and calls after downturns.