Buffet knows that Bernake has his back, so this was a no brainer for him. And once again the taxpayers are going to get azz-raped.
Buffett’s Bank of America Stake Is Viewed as a Seal of Approval By BEN PROTESS and SUSANNE CRAIG “An investor seen as having the golden touch rejuvenates Bank of America’s stock with his $5 billion vote of confidence…” http://dealbook.nytimes.com/2011/08/25/buffetts-bank-of-america-stake-viewed-as-seal-of-approval/
hey for those long vs shorts what are ur exit points in terms of profits and stop losses im long and willing to ring the register @ 9 ill liquidate pos if stock falls below 5.50
in mexico away right now and have a feeling financials are going to take a redd headed step child beating this coming week…
Well, that vote of confidence lasted all of a week.
Bad day for women on Wall Street … Sallie Krawcheck and Carol Bartz are out.
thank god. finally she’s gone!
Who Carol. Yqahoo is doomed
daviskr Wrote: ------------------------------------------------------- > Sallie Krawcheck This isn’t a good move. She was beloved at ML. They already felt like outsiders, now they are. BofA is in much worse position today compared to when I started this thread. In two weeks…we’ll see.
“Project New BAC” has begun… http://www.bloomberg.com/news/2011-09-07/bank-of-america-s-shakeup-may-put-montag-in-contention-for-ceo-succession.html
pimpineasy Wrote: ------------------------------------------------------- > hey for those long vs shorts what are ur exit > points in terms of profits and stop losses > im long and willing to ring the register @ 9 > > ill liquidate pos if stock falls below 5.50 Still holding? Kind of ironic Moody’s is the one to downgrade BAC. Maybe Warren can come to the rescue again.
yup still holding please wait while i grab my ankles…anyone who thinks that heading into the election cycle a bank with such deep main street roots would be allowed to fail ought to have there peanut examined…more likely is they try to put countrywide into a strategic bankruptcy…
BAC will not and cannot fail. It’s just nonsensical. They’re sick a fvck though.
I dont think anyone thinks they will fail in the Lehman sense. I just think the equity will remain depressed for a long time.
I think a Countrywide bankruptcy, and a ML spinoff would be enough to call BAC a failure. The interesting bet is which one comes first?
I think the ML spinoff would definitley be first. Gotta try and save face, or what’s left of it if it comes to that.
HighYielder Wrote: ------------------------------------------------------- > I think the ML spinoff would definitley be first. > Gotta try and save face, or what’s left of it if > it comes to that. ML spinnoff would be a disaster…its highly profitable and doesnt address the pus infested sore that is countrywide
pimpineasy Wrote: ------------------------------------------------------- > ML spinnoff would be a disaster…its > highly profitable and doesnt address the pus > infested sore that is countrywide BAC may be able to get $30B out of ML if they’re really lucky. Maybe $25B after today. That’ll make a nice 15% dent in their outstanding liabilities from mortgage settlements! I wonder what else they could sell…
stop talking like that i will pull your endocrine system out of ur nose with a rusty hanger …theywill not sell ML if they do i know they are totally lost
equity_analyst Wrote: ------------------------------------------------------- > Buffet knows that Bernake has his back, so this > was a no brainer for him. > > And once again the taxpayers are going to get > azz-raped. I bet Buffet could pull the rug out from under them and completely do them in. He could make a killing in that scenario too if he played his cards right.