Bank Of America Hilarious Denial #2

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Thu, 08/25/2011 - 12:42 | 1600107 eisley79
eisley79's picture

bancorruptcy bitchez

Thu, 08/25/2011 - 12:49 | 1600153 nope-1004
nope-1004's picture

Tyler, you don't expect a criminal to tell the truth, do you?

The shoe fits the BACrupt.  White-collar-criminals.

 

Thu, 08/25/2011 - 12:53 | 1600197 spiral_eyes
spiral_eyes's picture

bank of america not bankrupt?

in related news, steve jobs return to apple to accounce ipad3

http://azizonomics.com/2011/08/25/team-america-world-police/

Thu, 08/25/2011 - 12:54 | 1600202 gmrpeabody
gmrpeabody's picture

This all just too funny.

Keep them squirming, Tyler.

Thu, 08/25/2011 - 13:54 | 1600597 OutLookingIn
OutLookingIn's picture

Open your eyes!

Monday: Buffet talks to Obama.

Tuesday/Wednesday: B of A looks like collapse.

Thursday (early): Buffet announces $5 billion preferred stock deal with B of A.

Thursday: Immediately following Buffet announcement, the White House announces a plan to bail out distressed residential mortgages, of which B of A is loaded with! Jimmy gets to chow down at the tax table, compliments of Obama and whats left of the middle class. Oh, and don't forget, Buffet is hosting a $35k plate fund raiser for Obama in NY.

B of A gets a life line. Buffet gets free tax payer money. Obama rides to the "disteressed" home owners rescue. And the middle class gets presented the bill! Isn't that wonerdful? (sarc off)

http://truthingold.blogspot.com/  

Thu, 08/25/2011 - 17:34 | 1601743 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Ain't free market capitalism cool!

Thu, 08/25/2011 - 12:42 | 1600110 PaperWillBurn
PaperWillBurn's picture

Closing in the red, bitches

Thu, 08/25/2011 - 12:51 | 1600182 GiantWang
GiantWang's picture

I am praying to the stock market gods for that . . . .

Thu, 08/25/2011 - 12:42 | 1600112 espirit
espirit's picture

X 2

Thu, 08/25/2011 - 12:43 | 1600116 Cognitive Dissonance
Cognitive Dissonance's picture

BAC farce meet BAC reality.

Ouch, that's gonna leave a mark.

Thu, 08/25/2011 - 13:04 | 1600284 Cognitive Dissonance
Cognitive Dissonance's picture

Warren just failed as a BAC fluffer.

http://en.wikipedia.org/wiki/Fluffer

Thu, 08/25/2011 - 13:15 | 1600346 hedgeless_horseman
hedgeless_horseman's picture

There is no dilution like preferred dilution, especially at a discount to par.

Thu, 08/25/2011 - 13:48 | 1600550 Kayman
Kayman's picture

Let's see.... Aw Shucks, Uncle Warren bought $5 billion of Goldman, "proving" the Giant Squid didn't need it.

1. $13 billion taxpayer money slipped to the Squid through AIG.

2. Cobbled together access to Fed funds in the tens of $billions for the Squid.

Yeah, sure... everything is peachy at BAC

Thu, 08/25/2011 - 12:43 | 1600117 lolmao500
lolmao500's picture

BAC needs a whole lot more than 5 billion.

Thu, 08/25/2011 - 12:59 | 1600245 Almost Solvent
Almost Solvent's picture

Maybe, but this should last them through the end of August . . .

Thu, 08/25/2011 - 13:09 | 1600312 lolmao500
lolmao500's picture

Yeah a week... and then what? Obama bails them out?

Thu, 08/25/2011 - 12:43 | 1600118 laomei
laomei's picture

welp, time to suck that last client payout out of bac and then close the account for good.   lets see how long that 5b lasts.

Thu, 08/25/2011 - 12:43 | 1600120 UGrev
UGrev's picture

Is the part where say to the dying man that he's going to be ok just before he fucking dies an agonizing death?

Thu, 08/25/2011 - 12:55 | 1600210 pods
pods's picture

"You can hack it Cowboy."

pods

Thu, 08/25/2011 - 12:57 | 1600224 Miss Expectations
Miss Expectations's picture

Alternatively, this is the part where the horrifically wounded BAC asks if it is going to die and Uncle Warren says, "not today."

Thu, 08/25/2011 - 12:59 | 1600241 JPM Hater001
JPM Hater001's picture

If by dying man and aganozing death you mean Buffet when he realizes his left wing ideology of "everyone rich should pitch in MORE" translates into a $5 billion loss and it is his stroke, triggering a massive corinary followed by falling down the lobby escalator at BAC only to crack his head open and watch his own brain ooze out before him....

Then no...This isnt that part.  Or is it?

Thu, 08/25/2011 - 12:44 | 1600125 Missiondweller
Missiondweller's picture

When will the equity market wake up! It is 2008 all over again but worse.

Thu, 08/25/2011 - 12:46 | 1600127 Gandalf6900
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BAC to the future (for about 20 minutes) then streight BAC to reality

 

Thu, 08/25/2011 - 12:45 | 1600132 H H Henry P P P...
H H Henry P P P Paulson's picture

All the headlines recently have been saying "this is nothing like 2008".

That's why this Sept/Oct will be exactly like 2008.

Thu, 08/25/2011 - 12:48 | 1600170 Boilermaker
Boilermaker's picture

reverse reverse psychology! It's a mutha!

Thu, 08/25/2011 - 12:45 | 1600134 doomandbloom
doomandbloom's picture

am actually loving the updates of ZH and Banzai on Twitter...hilarious...

 

that dickhead Roubini...still fighting ..no one listening to him anymore...

Thu, 08/25/2011 - 12:50 | 1600135 cowdiddly
cowdiddly's picture

Um, now might be a really good time to ask for your money if you have a BAC acct. Better beat the herd.

Suck it up Munger. LOL 

Thu, 08/25/2011 - 12:46 | 1600146 espirit
espirit's picture

Wonder if Buffet knows the feeling to hold sub-prime slime?

Au Natural.

Thu, 08/25/2011 - 12:46 | 1600148 alexwest
alexwest's picture

wow ,, i guess 5 bln are not what it used to be anymore..

probably  bought couple more days...

 

alx

Thu, 08/25/2011 - 12:46 | 1600149 Boilermaker
Boilermaker's picture

I'd love to know if Warren took out a 0% no-recourse (naturally) loan from Uncle Ben to buy $5B worth of senior, preferred, and 6% dividend shares.

Thu, 08/25/2011 - 12:46 | 1600151 spartan117
spartan117's picture

Bank of America has FOUR office towers in Pasadena (Corner of Lake and Colorado) that are all mostly empty.  A few of these were taken over from Countrywide.  Good luck finding tenants for those properties. 

Thu, 08/25/2011 - 12:48 | 1600167 centerline
centerline's picture

A few years before the financial crisis, I used to point out how all the major towers had bank names on them... and how it was pretty clear we are screwed at some point.  I had no idea at that time the depth of those waters.  Nonetheless, the writing was on the wall for all to see.  Every skyline shouted out "who's your daddy, bitches."

Thu, 08/25/2011 - 12:57 | 1600226 pods
pods's picture

I actually tell that to people.  In every city the largest and most opulent buildings are invariably banks.  That should tell you where all the money goes.

pods

Thu, 08/25/2011 - 13:03 | 1600263 Almost Solvent
Almost Solvent's picture

Here in Rochester (NY) it's the KODAK building.

 

Not exactly a bank, but just as fucked and mostly empty.

 

There is talk about moving the local community college into the unused portions of the building. Still has a ( now unused) cafeteria to serve upwards of a thousand people at a time.

Thu, 08/25/2011 - 13:08 | 1600303 pods
pods's picture

Feel sorry for Rochester, and Buffalo.  Grew up in around Bingo.  Empty IBM buildings galore in Endicott.

Genny Red Eyes I miss.

Whenever we head back to upstate it is sad how bad it has gotten.  People in Bingo seem like they had the life sucked out of them.  Which, when I hear about property taxes, etc, seemed pretty valid.

Still miss the smallmouth and muskie fishing though.

pods

Thu, 08/25/2011 - 13:28 | 1600427 sid farkas
sid farkas's picture

Ha, grew up north of Syracuse, hard to imagine it used to be a nice place. Allied Chemical, Carrier, Crucible Steel, ... all gone.

 

 

Fri, 08/26/2011 - 00:22 | 1602949 StychoKiller
StychoKiller's picture

Ya wanna make money in Las Vegas?  BUY a casino!

Thu, 08/25/2011 - 12:46 | 1600154 centerline
centerline's picture

I hope ZH has a contingency plan in place.  Poking the 900 lb gorilla is at some point going to get some serious attention.  Bravo ZH.  Rock on.  The truth is a bitch, isn't she?

Thu, 08/25/2011 - 23:41 | 1602862 TruthInSunshine
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++

 

 

Truth is the cleaner.

Thu, 08/25/2011 - 12:47 | 1600157 Earl of Chiswick
Earl of Chiswick's picture

funny, Tom Brown had the exact same talking points (symbolic) on  Bloomberg this AM 

as BAC approaches Uncle Warren't strike price

Thu, 08/25/2011 - 12:57 | 1600225 Argonaught
Argonaught's picture

"Uncle Warren't"...typo or pun?  ;)

Thu, 08/25/2011 - 12:47 | 1600158 tawdzilla
tawdzilla's picture

i smell blood in the water

Thu, 08/25/2011 - 12:47 | 1600163 lieutenantjohnchard
lieutenantjohnchard's picture

and there are those who will mock, deride, laugh at, scorn and ridicule those of us who have said nyet to the paper parlor games in favor of the real mccoy - gold and silver.

hat tip to all brave souls who insist on playing the paper games. you've more guts than a skydiver.

Thu, 08/25/2011 - 13:42 | 1600524 goldm3mb3r
goldm3mb3r's picture

I second that. However I am forced to play the paper game with my pension that i will have no access to for 20 years. Have is all in Au and Ag ETFs and PM mining stocks - I wonder if I will see any of it?

Thu, 08/25/2011 - 12:48 | 1600165 Jim in MN
Jim in MN's picture

If BAC is really going down the toilet, this little footsy play from Warren is already gone...pfft...into the hole. 

Look for the deficit ceiling to be reached and BAC to really fail in the fated month of October. 

What do you bet Warren has his cocktail napkin with 'IOU 100+50 % --Tim and Ben' jammed into his jacket pocket at Jackson Hole even as we sit n spin about all of this....

Thu, 08/25/2011 - 12:49 | 1600172 LynRobison
LynRobison's picture

Now is probably not a good time to own bank stocks. Owning shares of a gold/silver depository in a state such as Minnesota, Utah, Virginia, North Carolina, Idaho, etc., would be much better. (http://www.huffingtonpost.com/2011/05/22/utah-gold-standard-silver_n_865333.html)

Thu, 08/25/2011 - 12:51 | 1600185 PaperWillBurn
PaperWillBurn's picture

Why take on counter party risk? Get physical.

Thu, 08/25/2011 - 12:49 | 1600175 JW n FL
JW n FL's picture

 

 

http://www.youtube.com/watch?v=Yi_SWrXGTq4

Countdown with Keith Olbermann 08-19-2011 2 - S.E.C. No Evil, with Matt Taibbi

 

No Worries! The S.E.C. is watching Bank of America VERY CLOSELY!!

 

Thu, 08/25/2011 - 12:58 | 1600211 JW n FL
JW n FL's picture

<----------- Law Enforcement is a Fucking JOKE! in this Country!!

<----------- Law Enforcement is NOT! controled by Government Lobby Whores and is doing a GREAT! Job!!

 

We have more F.B.I. / S.E.C. / add other three letter group of idiots who are bought and Paid for Lobby Whore Lacky's!!!

than there are members of the same groups investigating Wall Street!

we need a better Lobby for ZeroHedge!

ok.. Tyler lets pass the hat so that we can BRIBE.. Oops, I mean Lobby the S.E.C. to look the other way in any and everything we do here!

HEY! F.B.I.!! YOU! ARE!! A!!! FUCKING!!!! JOKE!!!!!

Vote with a Bullets!! Help take America back from the Lobby Whores who OWN Law Enforcement!!

James Workman

@JWnFL Palm Beach, FL / Spanish Cay

 

 

Corporations Own the Lobby!

 

The Lobby Owns the Government!

 

Law Enforcement works for the Duly Elected Lobby Whores!

 

We the People = Screwed!

https://twitter.com/#!/JWnFL

 

Do NOT follow this link or you will be banned from the site!