• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Bank Of America = 6.66

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Mon, 08/22/2011 - 11:06 | 1585935 fuu
fuu's picture


Mon, 08/22/2011 - 11:18 | 1585992 egdeh orez
egdeh orez's picture

I'm watching Final Destination 6... starring Bank of America.

Mon, 08/22/2011 - 11:21 | 1586013 Fish Gone Bad
Fish Gone Bad's picture

Fuck Bank of America.

Mon, 08/22/2011 - 11:27 | 1586052 SheepDog-One
SheepDog-One's picture

Blight on Americas problem now is everyone hates them, no one wants to sign over their kids futures to save the rats.

Mon, 08/22/2011 - 12:06 | 1586220 mophead
mophead's picture

I've been saying BofA is going to zero for months now. Not that I want them to. When they do, it will be Armageddon. BofA is the red headed step child of the banking elite.

Mon, 08/22/2011 - 12:46 | 1586437 Bananamerican
Bananamerican's picture

"Not that I want them to"

I want them to ....america needed to see this evil bankers induced horror show 3 years ago...so they'd know who to HANG

....oh, and "Fuck China" (testing the PRC response team...)

Mon, 08/22/2011 - 13:04 | 1586510 spiral_eyes
spiral_eyes's picture

sorry to be contrarian to y'all, but i don't think there's any chance of BoA bailout. why? that would be another goldman-j.p. rival taken OUT! they'll let barclays, goldman, hsbc and jp strip the carcass...

Mon, 08/22/2011 - 13:39 | 1586644 el Gallinazo
el Gallinazo's picture

They don't give a flying fuck what we want.

Mon, 08/22/2011 - 11:28 | 1586057 Phillips Capital
Phillips Capital's picture

I joined the BAC short club today. Short BAC, Long XLF hedge. let's rock and roll!!! 

Mon, 08/22/2011 - 12:51 | 1586451 11b40
11b40's picture

You should tell IQ145.....he went long last week.

Mon, 08/22/2011 - 11:28 | 1586061 Gordon Freeman
Gordon Freeman's picture

I love it when a plan comes together!

Mon, 08/22/2011 - 11:32 | 1586076 FEDbuster
FEDbuster's picture

Couldn't happen to a nicer bunch of banksters.  Maybe the FDIC can step in Friday afternoon? 

Wish I had some money to pull out of Bof A, but all I have there are mortgages (CFC legacy loans).

Mon, 08/22/2011 - 11:47 | 1586149 KnightsofNee
KnightsofNee's picture

 A couple weeks ago I suggested to my 89 year old father that he pull his cash (250,000K+) out ofBAC and move it to secure credit union. He talked to my dumb shit older brother who told him I was over reacting (the same dumb shit brother who convinced my father to sell his physical gold which he bought on my recommendation back in 99 ($350/oz) but soon sold it after my dumb shit brother told him to do so (relic and all that) So, instead of having over $1,000,000 worth of physical gold he is now going to loose the rest of the inheretance. Older brothers suck!

Mon, 08/22/2011 - 12:30 | 1586360 HellFish
HellFish's picture

Jesus, what a horrible story.  And I'm sure you're older brother will not be able to help out your father when he is destitute.

Mon, 08/22/2011 - 12:51 | 1586454 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

Don't ever give a penny to your father or brother. Teach em some financial dicipline!

Mon, 08/22/2011 - 13:44 | 1586671 Hugh G Rection
Hugh G Rection's picture



I hear you on older brothers.. My father had a patriarchal sense that son #1 should be entitled to the business and opportunity.  I had to go out into the private sector while the idiot that was born first poisoned my father's ear with the same dumb shit you speak of.  

There is no common ground dealing with a self rightous pharisee.  

Mon, 08/22/2011 - 11:33 | 1586085 DonnieD
DonnieD's picture

Fuck em in the ear. Fuck em in the other ear.



Mon, 08/22/2011 - 11:56 | 1586187 trav7777
trav7777's picture

at least Geithner is so short he won't have to get down on his knees to suck Pelosi's dick

Tue, 08/23/2011 - 00:40 | 1589175 Manthong
Manthong's picture

Thank you for calling Bank of Amerika. this is..


Mon, 08/22/2011 - 12:04 | 1586212 Turd Ferguson
Turd Ferguson's picture

Glad to see them take Merrill fucking Lynch down the toilet with them.

Mon, 08/22/2011 - 13:39 | 1586641 Hugh G Rection
Hugh G Rection's picture

"Bank of Amerikkka, we'll help you out!"


"All we require is the souls of a thousand children, and 10 pints of virgin blood."

Mon, 08/22/2011 - 16:21 | 1587421 Newsboy
Newsboy's picture

Speaking of Rick Perry ("my" governor), here's some dirt on the coke snorting, stripper-tipping, porn-investor. The consensus among gay guys in Austin is that Rick swings that way, too, but nobody has stood up to say they had carnal knowledge with "governor goodhair",... yet.


Mon, 08/22/2011 - 11:08 | 1585941 pods
pods's picture

And it's gone!


Mon, 08/22/2011 - 11:08 | 1585944 ZeroPower
ZeroPower's picture

Awesome, 342/356 CDS - and those long Nov puts posted a few days ago are probably working as well.

Mon, 08/22/2011 - 11:08 | 1585945 Cognitive Dissonance
Cognitive Dissonance's picture

Henny Penny Timmy: "The sky is falling, the sky is falling."


Mon, 08/22/2011 - 11:21 | 1585974 Dr. Richard Head
Dr. Richard Head's picture

"Their" sky is indeed falling, so he is telling the truth to some extent.  The problem is that the machinations they use to keep their sky up is pulling "ours" down.  I look forward to the paper bugs wealth destruction coming to its final conclusion.

Mon, 08/22/2011 - 11:21 | 1586018 V in PA
V in PA's picture

CNBC, Bloomberg, BofA, Wall Street = Henny Penny
Timmy, Bernanke and Obama = Foxy Loxy

Mon, 08/22/2011 - 11:09 | 1585948 Irish66
Irish66's picture

 my post this morning CCB and Bac

Mon, 08/22/2011 - 11:10 | 1585950 baby_BLYTHE
baby_BLYTHE's picture

If you're '555', then I'm '666'!

Mon, 08/22/2011 - 11:23 | 1586022 snowball777
snowball777's picture

If you're dumb, dumb, dumb buy our shit, shit, shit.

Mon, 08/22/2011 - 11:28 | 1586058 V in PA
V in PA's picture

and you move it all about

Mon, 08/22/2011 - 11:27 | 1586056 i love cholas
i love cholas's picture

"This monkey has gone to heaven..." -Pixies

Mon, 08/22/2011 - 11:10 | 1585951 Herbert_guthrie
Herbert_guthrie's picture

BOA bank shares falling is a non-event.

Either the bank will be bailed out, and investors reimbursed.
Or it will go down with all investors on board.

It really boils down to WHO are the dominant shareholders.
If their last names don't start with 'R', then it could go down!

Mon, 08/22/2011 - 11:20 | 1586012 Hdawg
Hdawg's picture

Take your anti-semetic race hate elsewhere!!!!!

ho ho ho

Mon, 08/22/2011 - 12:08 | 1586232 Herbert_guthrie
Herbert_guthrie's picture

Sorry I don't take criticism well, but I am working on it.

How does a last name starting with R make me anti-anything?
Banksters know no nationality or crede, so why would I care where their heritage lies.

I am an equal opportunity child of the universe.
Take your narrow mind elsewhere baby.

Mon, 08/22/2011 - 14:33 | 1586951 Hdawg
Hdawg's picture

it's called sarcasm,




Mon, 08/22/2011 - 15:19 | 1587190 Herbert_guthrie
Herbert_guthrie's picture

It's called I am an idiot........

Apologies Oh Worthy Knight.

Mon, 08/22/2011 - 16:57 | 1587594 Hdawg
Hdawg's picture

no worries :)

Mon, 08/22/2011 - 12:52 | 1586460 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

Does anyone know which back Jom Rogers was short? BOA or JPM??

Mon, 08/22/2011 - 11:11 | 1585960 slaughterer
slaughterer's picture

Funny not to see a collapse in the BAC preferred series L which with the common at 6.66 should be trading much lower than $793 (par value $1000).   Equities markets fear a dilution of common stock, but not the elimination of preferred dividends.  This is not as bad as 2008-2009, when BAC-L traded down to below $300 on BK fears. 

Mon, 08/22/2011 - 11:17 | 1585986 snowball777
snowball777's picture

If the preferred shares are dependent on a recapitalization which can't happen because the common shares are poop?

Patience, leafhopper.

Mon, 08/22/2011 - 11:23 | 1586026 ZeroPower
ZeroPower's picture

Im not in equities, but if its anything like the BACORP bonds, its cause the prefs are nowhere near as liquid as the common which trades what, like 500mm ADV. Im sure anyone wanting to make a market in an illiquid share would have moved the b/a wide enough to off-load any particular risk there would be..

Mon, 08/22/2011 - 11:12 | 1585966 Doyle Hargraves
Doyle Hargraves's picture

BWAHAHAHAHA Cunt Tree Wide Bitchez!

Mon, 08/22/2011 - 12:00 | 1586200 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Peter Griffin to Quagmire: "Quagmire, uh, doesn't the word country have an 'O' in it?"

Mon, 08/22/2011 - 11:12 | 1585969 dwdollar
dwdollar's picture

I guess BTFD doesn't apply to zombie banks?

Mon, 08/22/2011 - 11:25 | 1586034 snowball777
snowball777's picture

Not unless you mean Burn the Fucking Dollars.

Mon, 08/22/2011 - 11:37 | 1586102 pods
pods's picture

Burn the Fucker Down?


Mon, 08/22/2011 - 11:15 | 1585979 MichaelG
MichaelG's picture

I hear there's lots of boats needed for hastily-arranged shipments to Caracas.

Mon, 08/22/2011 - 11:15 | 1585983 DonnieD
DonnieD's picture

Removal of Gaddhafi's gold is a big job

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