Tuesday, May 18, 2010

Chart Study: Institutional Panic

Capital One financial sucks, just released a bunch of reserves, and now is going to be subject to interest and fee regulation courtesy of Uncle Sam.  The "consumer" has been running up credit card debt having witnessed the market ramp, but there have been no structural remedies.  There are plenty of reasons to hate this shitty company, not the least of which is their stupid Viking raider commercials, and the thought of the type of consumers to whom the company markets.

Capital One, what's on your balance sheet?

Anyhow, below is a picture I want to remember (click to enlarge).  It's what a chart looks like while institutional investors clamber over one another for the escape hatch: