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BAC Share Price November 2010: $32.00





 
 

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Sat, 11/21/2009 - 18:31 | 138361 Hephasteus
Hephasteus's picture

I'd believe 32 in march or april but by NOVEMBER. NO WAY.

Sat, 11/21/2009 - 22:14 | 138486 Anonymous
Anonymous's picture

There's no more steam in that engine. 32 will not be seen in 2010. They own Countrywide! LoL.

Sun, 11/22/2009 - 10:04 | 138647 Hephasteus
Hephasteus's picture

By this time in 2010 the fed will be promising and backing everything that a sane person shouldn't promise and shouldn't back. It'll be crazy ramblings of a insane king.

Sat, 11/21/2009 - 21:19 | 138462 Psquared
Psquared's picture

I'd agree with that, but I wonder if the rally off the March lows is overextended NOW. If it is, BAC has probably topped out already. I think we will know by the first of December.

Sun, 11/22/2009 - 17:31 | 138815 ZeroPower
ZeroPower's picture

Um, pretty sure thats propaganda, otherwise the SEC would be after his ass. Not that i think they are capable any more than a pre-pubescent ape, but still. Dont think this guy knows what hes talking about.

Sun, 11/22/2009 - 14:15 | 138728 Mark Beck
Mark Beck's picture

TD should do an article on when "Too Big To Fail" fails. Looking into the longevity of some of the big banks, like BAC, if TARP ends in 2009, and FASB 166/167 rules force proper balance sheet disclosure for under-performing loans and credit.

When TARP capital infusion and backstops creating the warm fuzzy feeling inside banker's, many financial analysts on the outside looking in, were thinking, what? OK so you want to throw good money after bad out of bankruptcy court, and then what?

Before you do this unprecedented move, Hank, perhaps you would like to think of how you may have to unwind these positions? and what if, the vast amount of cash infusion was just offsetting bad debt and not used as constructive investment. What would the future hold?

Really, how can you justify, politically or financially, providing public funding to an insolvent private corporation (BHC, banks) to offset bad debt. Furthermore, with the knowledge that substantial bad debts are hidden off balance sheet?

Not wise!

If you want to provide financing, do so in Bankruptcy proceedings after the bad debts have been written off. 

So how does this make sense? what was the win-win scenario with companies like BAC? lets say, for arguments sake, that it was a play for time until asset price was reestablished. Exactly, what was this "extend" time line? when would success be realized and normalcy achieved, and what would the signposts be along the way? Hmmm.

Then again, what if the justification was the fear of what might have been. The fear of the free market being free. If so, then once the panic is over, it is clear to me, that some bailed out would be allowed to fail. Without the threat of systemic risk, politically these programs will have to end, and as a result remove the solvency life line.

Mark Beck

Sun, 11/22/2009 - 03:18 | 138595 Anonymous
Anonymous's picture

in the summer, this guy was saying US embassies around the world were loading up on cash...in antisipation of USD defauld..hmmmm ))

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