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This is big!
Blue Monday, bitchez?
obligatory new order link new order - blue monday
Particularly big because BAC isn't one of the inner-circle. They're outsiders -- much like Lehman.
ZH is getting a bit ahead of itself in its gloom-and-doom jubilation. BAC, AIG etc. will be just fine and no, there will be no new TARP for the simple reason that it is not needed. Sorry to spoil the uber-bears' party here but what you are suggesting in your superficial article is just guesswork and lacks any facts. And no, the cds could jump another 500% from here and still it would not make your doomsay any truer. And yes, BTFD!! This one is the real one to buy!
Jim, please. Coke this early in the morning? Shouldn't you seek help?
That makes it three big ones : Socgen, Unicredit and BofA. The bankster buzz is getting really domino weird or skewered.
Will we have served to us those same oligarchic US banks in coming months, like spread eagled banksters, including the Squid, skewered like souvlaki meat roasted rosy brown to bankrutpcy? A la december 2008 crash, but with no back up possible by another government bailout this time!
That would be poetic justice to those same shills who took the poor Greeks to town in auld greek style!
But I very much doubt it; they are the TBTF types who run the world. They don't fall easy.
That couldn't have happened to a "nicer" bank.
Bennie will buy them!
benny will buy everything for dollars on the penny.
That is great news!
It is about time something was done about "too big to fail."
Too Big to Fail Fail.
BAC blows as do all the fucking jack-leggs running the bank. It's the anti-capitalistic monopoly...BUT...to give them a shred of credit....BAC had a shot-gun wedding with Cunt-rywide and had to mop up all that bullshit while Angelo goes free....dump them with pure shit and expect them to do well....
not fair but ironic...they had to them what they do to us...they shit on us, Cuntrywide shat on them...
fuck em all is all I can think of...
aig to sue
And central banks are no doubt rolling out their railway guns ready to rain inflation upon the earth. It will blow the stockmarket sky high.
I live only for the complete and total destruction (think Carthage) of JP Morgue. BAC is a side show.
Will Kenny still get his $80 Million Bonus?
Oh i cant wait for the demise of BAC! its been too long damn it!
I will literally go mad if there is such monstrousity on the horizon as TARP 2.
The typical BAC account holder (like myself) has a couple thousand dollars in their account at most. Who would be dumb enough to give them anymore.
The typical account holder doesn't have savings. You have a lot of money.
If it is paper, he has no money. I would never keep real money in a bank way too easy to confiscate.
hide yo wife. hide yo kids. They be defaulting all up in here.
You should have said, "Hide your kids, hide your wife and hide your husband too because they be defaulting everybody out here" :)))))))))
Can we short Charlotte? BAC, located in NC, has never been an insider on Wall Street; I've always felt that they would be thrown under the bus; the good part will go to the Morgue; the bad part to the American taxpayer; what else is new?
There may not be a chicken in every pot this go-round. Check out this front page from the Chatham News (North Carolina):
"These folks are facing a very difficult situation," he said, "because they have the risk of losing their homes and their farms if something is not done. A lot of these farms have been in their families for generations."
The red sheild is going to get that land in the south, one way or another. That was what the civil war was really about folks, the rothchild's never wanted to end slavery, they just wanted to change the face of slavery and make it an equal opportunity employer. Now that is affirmative action for you.
The farmers let themselves become baby sitters (bitchez) to Townsend so what did they expect , maybe they should try real farming where they take responsability for themselves
And so it begins....
What happens to BAC puts is BAC split up?
I Want to see BOA flatlined ______________________________________
probably a dumb question: is there a 10% rule for BAC, meaning if it falls 10 percent it gets haulted?
wondering if i should take profits on my puts on open.
Buffet in Denial-"It did not happen, cannot happen, has not happened"
could someone next time break downgrade news to that old guy a bit more gently pls?
Bloomberg now in complete denial mode, next up: free madoff...
WE BUY GOLD ANY CONDITION:
Just saw this - Nice interview with Jim Rogers on the US ratings downgrade, gold, silver, money printing, etc...
I wonder how Doug Kass's "boatlad of BAC@$8.30" trade is working out? Oh well, his IWR short will cancel it out unless he went long on that too.
I have a few SDS calls this am, I was kinda pissed I didn't get out of them friday but can't say im too upset at the moment lol. Might make beer $ for the month!
Oh.......fuck more tarp. If these fuckers are really $500trillion in the hole with bad debt derivatives then why even bother????????????????????
Let's see..........GS stock price is the furthest from zero out of all the banks. I wonder who's the last one standing?
GM, what I do not understand is why you would have 1 dollar in any of these broken banks. I realize the convenience, but there has to be a small solvent bank or credit union that you can utilize. Why give a bank that helped destroy this economy your precious dollars. To me that is being lazy. Most business is done online, ATMs, you do not even need a physical presence of a bank most of the time. We had accounts at BAC, US Bank and Wells, all gone two years ago. A very nice feeling.
It especially bothers me that if you are on zero hedge, which is an intelligent decision, how can you have an account with BAC C MS, US bank, etc. I just do not get that. No disrespect but all you are doing is breathing life into a dying squid with parasites.
Next domino to fall is Well's Fargo/Wachovia that piece of shit bank.
Wells Fargo is now every place. I have seen small towns with three WF branches because of TBTF growth.
Personally, I hope they fail hard.
Berkshire/W Buffet loves them. That means they're covered.
Hopefully they do so I can stop paying on this underwater mortgage for a roach infested home in an illegal alien and section 8 infested neighborhood. Bring it on bitches! Either shit or get off the pot because I've been waiting for 3 years to stop paying on this bitch.
Anything with "America" in the title wont be allowed to survive. NWO thugs cringe at the word like the witch of the west to water...
Tyler, their CDS curve is actually inverted (well, make what you will of 2 points on the curve..)
5yr 230/240 and 10yr at 224/232.
I can't believe people still have money in that stinking pile of shit, but they still do. http://www.youtube.com/watch?v=qKgYCgjP_K4
A perfect example of what we have discussed here for months with no volume, HFT ruling and confetti money. Look at WLT, now that is a fairly solid company. Well just completed a round trip, now down 50% to the level of a year ago. BTFD, Not for me. I will add we are way overdue for a bounce. I am just going to watch. Better odds here in Nevada and the girls are attractive. Too bad many of the are college graduates, some with Masters degree. What a f____d up country.
But will add a little to miners. :)
Where is the fat cat of fraud, Ken Lewis?
Not paying the price for his greed ripping off the young and old that's where. That fucking locust still has a record debt to pay decent society.
The sooner he meets demise the better, I wish nothing but pain and exposure for the Lewis family and their ill gains.
Rot in hell, Ken, and in the meantime i hope you live every remaining day paralyzed with fear of the common man.
Watch your lying cheating anti-american back, you son of a bitch!!!
Citibank has just reaffirmed it's BUY call for BAC - per CNBC.
Guess they are trying to help all they can for their Wall street partners in crime.
What is their FICO score?
Jamie Dimon licking his chops at the potential to buy Bank of America....getting Merrill Lynch to boot would be the cherry on the cake.
Jamie Dimon.......the leader of the 3rd National Bank of Ameirca and future Treasury Secretary.
Bank of America Defaults
Typo or a little misinformation to trip up the crawler algos?
too bad they're too busy scanning their own subpoenas
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