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BofA & Citibank May Fail Stress Test?

Regulators reportedly tell BofA, Citigroup to raise capital
Federal regulators have told executives at Citigroup and Bank of America that the preliminary results of the government's stress tests indicate the banks need to increase their capital, sources said. Executives at the two banks are planning a detailed response, but they are already objecting to the stress-test conclusions. Officials appear to be using the findings to send a message to bank executives, according to this article.

The Wall Street Journal

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Millennium Lyon Asset Management

FDIC should have power to unwind "too-big-to-fail" banks, Bair says

FDIC Slams "Too-Big-To-Fail" Banks

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., says the concept of financial institutions that are "too big to fail" should be thrown out and that her agency should be given the authority to close "systemically important" financial institutions. "Given our many years of experience resolving banks and closing them, we're well-suited to run a new resolution program," she said.

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Millennium Lyon Asset Management

Stress Test: Major Banks Ordered to Boost Capital Reserves

Feds urge some major banks to boost capital reserves
Officials are pressuring some of the 19 stress-tested U.S. banks to increase their capital reserves, sources say. The pressure comes as the government strives to improve the public image of the banking sector and as regulators aim to repair the balance sheets of the banks. Analysts say the banks in need of capital are probably regional banks with exposure to problematic commercial real estate.. The Wall Street Journal

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Riskiest Companies Fuel Stock Rally

Companies with riskiest outlooks fuel stock rally
Since the stock market started rallying in early March, the biggest winners have been those with the riskiest outlooks, according to this article. "By far and away the strength has been in financials and consumer" stocks, said Neil Hokanson, an adviser in Solana Beach, Calif. "And when we look at the underpinnings in both of those areas we don't see any reason for that level of optimism." Some say the rebound, while not unusual, will need to shift to shares of higher-quality firms -- or else ongoing economic difficulties and disappointing earnings could kill the rally.

The Wall Street Journal

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Legacy Capital: The Driving Force of the American Dream
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Millennium Lyon Asset Management

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Bank Stress Test: Geithner to outline efforts to fix banking system

Geithner to outline efforts to fix banking system

Treasury Secretary Timothy Geithner is expected to outline the Obama administration's efforts to clean up the U.S. banking system during meetings Friday with finance ministers from the Group of Seven nations...

Getting banks to lend again, along with government stimulus spending, is critical to turning around the U.S. and global economies...

full article

Millennium Lyon Asset Management

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Banks' stress tests prompt investor concerns

Banks' Stress Tests Prompt Investor Concerns

Investor concerns regarding the government's stress tests of the nation's largest banks fall into four categories. Investors are worried about a lack of transparency. "It does depend on how transparent they are," said Dave Lutz of Stifel Nicolaus. "The market hates the unknown more than it hates bad news." There is also a concern that none of the banks will actually "fail" the test or that market participants will not believe the results. Finally, there are concerns that stocks are bound to decline no matter the outcome. CNBC (full article)

Regulators to explain methods for banks' stress tests
Before releasing results of stress tests of the nation's 19 largest banks, regulators will publish a paper on how the tests were carried out. "The more markers or sign posts you can put on the path, the more helpful it will be," said R. Scott Siefers, managing director at Sandler O'Neill & Partners. "There are a lot of questions in investors' minds." Bloomberg

Are the banks "stressing you out"?

Let's build your income with CASH FLOW POSITIVE investments.

Millennium Lyon Asset Management

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Investor Alert: Midstream Partnerships for High Yield - Equity Income

Hi,

Right now there is a great opportunity to invest in"low cost" stocks that pay you back EVERY QUARTER. These stocks are huge CASH FLOW POSITIVE companies that by law must pay a large portion of their revenues to shareholders (via DIVIDENDS). They are called MIDSTREAM PROFIT PARTNERSHIPS.

MIDSTREAM PROFIT PARTNERSHIPS are a special class of divend-paying stocks. They are key players in the U.S. energy infrastructure (energy storage, distribution). They also have great tax advantages. We will share more information about these great investment gems with our registered members/clients.

Here are a few recommendations for 2Q-2009. These are longterm investments (holding period 2yrs+).

Consult your Asset Manager / Investment Advisor from Millennium Lyon, to ensure suitability and the right allocation for your portfolio. Click here to register and get started.

Midstream Partners: Small Cap Index (Top 10)
Stock     Price     Yield         Name
AHD       1.62     14.81%     Atlas Pipeline Holdings, L.P.
APL        3.80     40.00%     Atlas Pipeline Partners, L.P.
CEP       2.25     23.11%     Constellation Energy Partners LLC
CQP       6.65     25.56%     Cheniere Energy Partners, L.P.
EROC     5.62     29.18%     Eagle Rock Energy Partners,L.P
HLND      7.87     22.87%     Hiland Partners, LP
HPGP     2.49     16.06%     Hiland Holdings GP, LP
NGLS     9.81      21.11%     Targa Resources Partners LP
SGLP     4.15      38.55%     SemGroup Energy Partners LP

XTXI 1.92 18.75% Crosstex Energy, Inc.

Regards

Millennium Lyon Asset Management

Web: www.mlgcap.com

Government cracking down on mortgage scams

Government Slams Mortgage Scams

Federal and state officials say they are cracking down on mortgage modification scams that target the Obama administration's efforts to make home loans more affordable.

The Treasury Department says "criminal actors" are seeking to take advantage of the administration's efforts to help modify or refinance 7 to 9 million mortgages and prevent home foreclosures.

full article

Millennium Lyon Asset Management

Web: www.mlgcap.com

Job Market Blues (Where did the Jobs Go?)

Here are some recent articles about new trends in the US job market. Traditional jobs are falling out, but there are new areas of opportunity.

Layoffs rise despite hope recession is easing
Employers are laying off workers at a faster pace despite a few hopeful signs recently that the recession — now the longest since World War II — could be easing.

The Labor Department on Friday is slated to release a report expected to show that a net total of 654,000 jobs were lost last month. That's more than the population of Baltimore.

Be Your Own Boss
Stay flexible and independent. See the top 5 ways you can write your own paycheck.

Surprising Job Growth
These hot industries are thriving in this economy. Find out who is still hiring.

Millennium Lyon Asset Management

Web: www.mlgcap.com