• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Bank of America Reps And Warranties Reserve Surges Five-Fold As Claims Rise Steadily

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Fri, 01/21/2011 - 09:06 | 892829 doomandbloom
doomandbloom's picture

any provisions set aside for Wikileaks?

Fri, 01/21/2011 - 09:08 | 892834 BlackSea
BlackSea's picture

Yes, high-priced escorts will be provided upon demand.

Fri, 01/21/2011 - 09:19 | 892845 satansanus
satansanus's picture


Fri, 01/21/2011 - 09:43 | 892874 TheProphet
TheProphet's picture

Yes. Condoms all around...

Fri, 01/21/2011 - 09:07 | 892831 gold mining ceo...
gold mining ceos are idiots's picture

There is something very wrong with the jovial attitude on CNBC as an overwhelming majority of people in the US are in dire straits. I find their clueless attitude disgusting.

Fri, 01/21/2011 - 09:09 | 892835 BlackSea
BlackSea's picture

They find your lack of faith disturbing.

Fri, 01/21/2011 - 09:17 | 892844 Bob
Bob's picture

Tepper just gave an impassioned appeal for donations to community food banks and said that this is the new normal.  Yet he remains bullish on business . . . primarily due to multi-national corps and off-shore business.

Fri, 01/21/2011 - 09:57 | 892900 nscholten
nscholten's picture

Your the one watching..

Fri, 01/21/2011 - 09:11 | 892836 Catullus
Catullus's picture

Which leads to the obvious question: what the fuck Wells Fargo? Someone is supposed to believe that Wachovia book was in any better shape than Countrywide?

Fri, 01/21/2011 - 09:28 | 892852 Cdad
Cdad's picture

Its all fictional, man.  All of these banks are making it up...faking it...and hoping things will turn in one more quarter.  Wachovia, Countrywide, JP Morgan, Blight on America....all the same crap.

Fri, 01/21/2011 - 09:44 | 892875 Commander Cody
Commander Cody's picture

I still say that:

Moynihan musta been out drinkin' and missed the memo from the FASB on how to cook the books to show a profit.

Fri, 01/21/2011 - 10:57 | 893111 kentfinance
kentfinance's picture

doesn't matter. BAC up 1%. guess all the bad news is out. wtf?

Fri, 01/21/2011 - 10:18 | 892950 SheepDog-One
SheepDog-One's picture

Cdad exactly...its all maddening but when the music soon stops and all these Wall St whores are pulled limb from limb by the rioting mobs, WE can LAUGH and LAUGH!

Fri, 01/21/2011 - 09:44 | 892876 TheProphet
TheProphet's picture

Exactly. I would guess worse. Golden West was nothing but a steaming pile of Alt-A pick-a-payment loans.

Fri, 01/21/2011 - 09:13 | 892838 SashaBelov
SashaBelov's picture

Could you make prediction how much further can they cook their books? Is it still relevant to bet they will go bankrupt in next 3 to 4 years?

Fri, 01/21/2011 - 09:14 | 892839 Bob
Bob's picture

I wondered if that was the explanation for the miss.  Yet $4B in reserves is still a bad joke. 

But how 'bout them bonuses?

Fri, 01/21/2011 - 09:26 | 892850 jus_lite_reading
jus_lite_reading's picture

Last Nov I made a guesstimate at what time frame BofA's total accumulated losses would hit the fan and reached the conclusion May 2011. After these results, I have to say, the fireworks might begin as early as next month as the worlds 2nd most insolvent bank battles the winds... T-15

Additionally, I shuffled around the placement of the worlds most involvent banks- notching up 3 places is Deutsche Bank to number 4. When the cajas turns to kaka, DB might take the number 2 spot... keep your eyes on it

Fri, 01/21/2011 - 09:32 | 892859 Dagny Taggart
Dagny Taggart's picture

putbacks? The Fed would prefer the term "mulligan." http://en.wikipedia.org/wiki/Mulligan_(games)

Fri, 01/21/2011 - 10:15 | 892942 SheepDog-One
SheepDog-One's picture

Gambling is ILLEGAL sir, and I NEVER slice!!

Fri, 01/21/2011 - 09:35 | 892863 Seasmoke
Seasmoke's picture

just look at the HELOCS !!!!!!!

Fri, 01/21/2011 - 09:38 | 892864 williambanzai7
williambanzai7's picture

Fri, 01/21/2011 - 10:15 | 892937 SheepDog-One
SheepDog-One's picture

AH yes, the clown in the storm sewer, FTW.

Fri, 01/21/2011 - 11:04 | 893121 downrodeo
downrodeo's picture

"Ohh yes... They Float Brian... They Float... and when your down here, with me... YOU FLOAT TOO!"

Fri, 01/21/2011 - 11:50 | 893320 Lndmvr
Lndmvr's picture

And I thought this meant Macdonalds was feeding the homeless.

Fri, 01/21/2011 - 12:39 | 893477 Problem Is
Problem Is's picture

What's Cramer doing down there?

Sat, 01/22/2011 - 05:10 | 895428 Hephasteus
Hephasteus's picture

You deliver much in the chuckle department lately.

You are bringin it.

Fri, 01/21/2011 - 09:42 | 892872 TheProphet
TheProphet's picture

TD, are they still booking as income the interest on loans in stasis between default and foreclosure?

Were there any write downs of previously-booked interest income?

Fri, 01/21/2011 - 09:48 | 892882 Tyler Durden
Tyler Durden's picture

Great question. I am certain it will not be asked on the earnings call.

Fri, 01/21/2011 - 09:51 | 892890 slaughterer
slaughterer's picture

Can't we get Bove to mention these relevant questions on CNBC if he does not commit suicide beforehand?   

Fri, 01/21/2011 - 09:52 | 892892 slaughterer
slaughterer's picture

If GS is the vampire squid, then BAC is the ....?

Fri, 01/21/2011 - 10:26 | 892984 Cdad
Cdad's picture

Blight on America bank is a flesh eating zombie.  Every day that it continues to stumble around and thwart accounting laws and NOT realize its losses, the nation waits for better days and recovery.

This is not difficult stuff.  I know E. Burnett thinks it is simply a matter of infusing enough adorableness to make things better and more confident...but that IS NOT HOW MARKETS WORK!

So...let's pretend for another morning, I guess...pretend that D. Tepper matters more than Truth, Title, Law, etc.  Ok...whatever...

Fri, 01/21/2011 - 10:50 | 893080 asteroids
asteroids's picture

If Cramer is bullish, the ponzi continues. If not then we stand a good chance of a correction. Watch what that man says carefully.

Fri, 01/21/2011 - 17:04 | 894488 jus_lite_reading
jus_lite_reading's picture

The more pretending by these frauds, the worse it will be for everyone.

Fri, 01/21/2011 - 10:13 | 892934 SheepDog-One
SheepDog-One's picture

Canker on America!

Fri, 01/21/2011 - 11:05 | 893128 Drag Racer
Drag Racer's picture

as the news hits...

BAC +0.04 +0.28%

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