• 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 Scrambles To Defend Itself From Henry Blodget's Allegations It Is Massively Undercapitalized

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Tue, 08/23/2011 - 12:37 | 1590684 hambone
hambone's picture

Stocks rock - Gold sucks...the market tells me so.

Tue, 08/23/2011 - 12:38 | 1590691 trav7777
trav7777's picture

well fuck, they stuffed CFC and MER inside BAC, wtf did they expect when these rats finally chewed their way to the light?

Tue, 08/23/2011 - 12:43 | 1590720 bankrupt JPM bu...
bankrupt JPM buy silver's picture

why is the XLF rallying if they are all going to zero?  Here comes the shit show....

 

www.silvergoldsilver.blogspot.com

Tue, 08/23/2011 - 13:02 | 1590823 spiral_eyes
spiral_eyes's picture

Here's what happens if QE3 doesn't happen...

http://azizonomics.com/2011/08/23/what-if-qe3-doesnt-happen/ 

Tue, 08/23/2011 - 13:14 | 1590871 hambone
hambone's picture

Once this rally loses it's up trend line...watch out.  Could come back down and retest 1101 in short short order.

Tue, 08/23/2011 - 13:27 | 1590923 Fish Gone Bad
Fish Gone Bad's picture

Fuck Bank of America.

Tue, 08/23/2011 - 13:43 | 1591015 JW n FL
JW n FL's picture

 

 

Some of WikiLeaks' Bank of America Data Destroyed

Some internal Bank of America files obtained by WikiLeaks have been destroyed, according to a former close collaborator of Julian Assange, the whistleblowing website's founder.

In an email to Reuters, Daniel Domscheit-Berg, who last year was fired by Assange as WikiLeaks' co-spokesman, confirmed that he had destroyed "roundabout" 3,000 submissions WikiLeaks received related to Bank of America.

http://www.banktech.com/risk-management/231500497?cid=nl_bnk_daily

Tue, 08/23/2011 - 13:47 | 1591043 JW n FL
JW n FL's picture

 

 

 

U.S. Bank Earnings Up From A Year Ago

U.S. bank earnings continue to increase but the trend is mostly due to institutions setting aside less to guard against losses, a top regulator said on Tuesday.

The Federal Deposit Insurance Corp said that the industry earned $28.8 billion in the second quarter, a $7.9 billion increase from a year before.

http://www.wallstreetandtech.com/asset-management/231500555?cid=nl_wallstreettech_daily

Who said that the Debt Ceiling being raised was a bad thing? QE1 and QE2 worked really well!!

Tue, 08/23/2011 - 13:50 | 1591057 Careless Whisper
Careless Whisper's picture

oh please, the whole wiki / b of a story smells.  i'm thinkin' that they either had nothing to begin with or maybe they got a nice contribution to do the data dump... who knows.

Tue, 08/23/2011 - 13:50 | 1591058 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Yeah, saw that yesterday. I guess that tells us whose dick Mr Dumscheit sucks.

Tue, 08/23/2011 - 14:41 | 1591472 Buckaroo Banzai
Buckaroo Banzai's picture

Domscheit-Berg?

Huh. Is that pronounced "dumb shitbird"?

Tue, 08/23/2011 - 14:15 | 1591288 IQ 145
IQ 145's picture

Please, let's have a little sensitivity here; I own 1000 shares at $7.37; and before long you will have an opportunity to bail me out at a nice profit. HA HA. Come one, taxpayers we're rooting for you. Wait a minute, I'm a tax payer; hmm. this is getting confusing.

Tue, 08/23/2011 - 17:01 | 1592176 AbandonShip
AbandonShip's picture

Yeah man, I'm confused too.  I hate BofA but I think I hate Blodget more.  What to do?

Tue, 08/23/2011 - 13:31 | 1590926 eureka
eureka's picture

How about re-testing 1050?

Is Dick Bove just a bonehead, or a liar/cheerleader?

Dick says BAC is smack with capital and "deposits pouring in" ... - WTF...?

If the latter is true, who's depositing? The Bernank or the sheeple?

http://www.bloomberg.com/news/2011-08-23/bofa-has-no-reason-whatsoever-t...

Tue, 08/23/2011 - 13:51 | 1591071 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Dick is mostly a bonehead, which makes the lying/cheerleading easier, since you don't have those pangs of conscience bugging you while the camera's on. The only "deposits" at BofA would be the steaming turds left by the front door of newly ex-customers.

Tue, 08/23/2011 - 13:27 | 1590925 Stax Edwards
Stax Edwards's picture

He s e, we get it, you have a blog that no one cares about, so you cite it in the first few comments on every single post.  We get it.  If you have not built up a following by now its not gonna happen by repeating yourself ad-naseusm.  Can you give it a rest or do like the rest of the advertisers and buy some click thru ad space?

Tue, 08/23/2011 - 14:46 | 1591508 CompassionateFascist
CompassionateFascist's picture

That S&P graph for the past month. Let's call it the "beached whale" curve. Like our entire economy.

Tue, 08/23/2011 - 12:45 | 1590724 TruthInSunshine
TruthInSunshine's picture

 

 

 

08-23 12:28: 24/7 Wall St Writes: JP Morgan may take over Bank of America

 

WTF!!!!??????

 

MORE TAXPAYER RAPINGS (minimum 100 Billion). AIG Part Deux!!!

DOWN WITH THE BLOODY WALL STREET PONZI

RESIGN, GEITHNER & BERNANKE. RESIGN !!!!!!!!!!!

Tue, 08/23/2011 - 12:56 | 1590794 j0nx
j0nx's picture

Good so now I know who I will be paying 10c on the dollar to for my BOA credit card debt. I already told Chase to fuck off in the worst possible way 10 years ago after I paid them off and have no trouble doing it again this decade.

Tue, 08/23/2011 - 13:10 | 1590860 TooBearish
TooBearish's picture

Tyler gunna bitch slap u then lecture u on links to hack web sites like this one

Tue, 08/23/2011 - 13:22 | 1590902 TruthInSunshine
TruthInSunshine's picture

Hi Sock Pupper version 3.0

Have fun trolling while it lasts for you.

Tue, 08/23/2011 - 13:56 | 1591052 Byte Me
Byte Me's picture

Do come back often when your command of the English language reaches 7th grade level.

'Til then -- fuck off...

Tue, 08/23/2011 - 13:30 | 1590936 glenlloyd
glenlloyd's picture

out come the really horrible ideas, like lets' have JPM takeover a failing BAC.....would be even more TBTF.

OTOH...BAC might just be enough poison to kill the new host....just maybe?

Tue, 08/23/2011 - 13:37 | 1590972 doggings
doggings's picture

08-23 12:28: 24/7 Wall St Writes: JP Morgan may take over Bank of America

WTF!!!!??????

MORE TAXPAYER RAPINGS (minimum 100 Billion). AIG Part Deux!!!

DOWN WITH THE BLOODY WALL STREET PONZI

RESIGN, GEITHNER & BERNANKE. RESIGN !!!!!!!

anybody who has been keeping up with the SilverGoldSilver bears would know this already.  SGS basically announced was coming this via teddy bears 2 weeks ago. 

http://silvergoldsilver.blogspot.com/2011/08/part-7-silver-bears-talk-of-epic.html

Tue, 08/23/2011 - 13:48 | 1591024 eureka
eureka's picture

I told a friend two weeks ago. Intuition has no filters. Isn't it an obvious repeat of 08/09? WFC will probably get C.  Consolidation Bitchez - bigger too big to fail bankster capital collectives courtecy of the elite.

Will the sheeple react? Will the Tea Party? Will zerohedge readers stop reading and start blowing up banks?

Tue, 08/23/2011 - 20:08 | 1592752 Kali
Kali's picture

Maybe that's what Uncle Warren was talking to lil Barry about.  : )

Tue, 08/23/2011 - 12:45 | 1590715 Popo
Popo's picture

 

OMG.  That's **ALL** BAC had up their sleeve?   An ad hominem attack?

Hehehe.... Short this pig to fucking ZERO.   I can think of no greater admission of absolute terror on BAC's part.   They had **NOTHING** to fire back with.

Honestly, that was one junior-varsity display of public relations skill if I've ever seen one.    Target all weapons and fire at will.     

Dive Dive Dive!    AROOOOOGA!

 

Tue, 08/23/2011 - 13:17 | 1590885 Crack-up Boom
Crack-up Boom's picture

Seriously!  When you have to resort to logical fallacies, you're out of bullets.  Somebody just put BOA out of its (our) misery!

Tue, 08/23/2011 - 13:58 | 1591114 Careless Whisper
Careless Whisper's picture

every time i read another story about b of a i feel like i'm watching the hudsucker project

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

 

Tue, 08/23/2011 - 20:05 | 1592743 Tunga
Tunga's picture

... and we're gonna call it the "Edsel"! Whadda you think?

Tue, 08/23/2011 - 12:46 | 1590731 slaughterer
slaughterer's picture

Branch Hill Capital/ZH/HenryBlodget -vs- BAC

1: 0 (for not providing exact figures, but just stating "factor of..." over and over, smearing Henry, and not mentioning Tyler...)

Tue, 08/23/2011 - 14:54 | 1591553 CompassionateFascist
CompassionateFascist's picture

Henry's a pig; an avid, mischievious little kid who never grew up. He thinks Trig is Sarah's brat, not the daughter's. Absurd. OrIzzit?

Tue, 08/23/2011 - 13:24 | 1590912 Smiddywesson
Smiddywesson's picture

Oh, I wouldn't be so hasty troll.  Two weeks ago,1858 was a real good price.  Two weeks from now, 2085 will suit me fine.  If it keeps going up, I don't mind giving up profits.  Apparently you don't mind either, because you game back all the profits since 2000,

Tue, 08/23/2011 - 12:38 | 1590690 John McCloy
John McCloy's picture

  We know dilution is coming and that is unavoidable. Time to issue more shares Brian.

Tue, 08/23/2011 - 12:41 | 1590706 DefiantSurf
DefiantSurf's picture

who would buy the dilution?

Tue, 08/23/2011 - 12:55 | 1590782 Pladizow
Pladizow's picture

Uncle Sam, i.e., those who have always, and will always get fucked - the US tax payer.

Tue, 08/23/2011 - 12:47 | 1590749 slaughterer
slaughterer's picture

I think another 50 billion shares priced at $2 would suffice for 1 or 2 years more.  Could always R/S 10:1 to make it look respectable later.  

Tue, 08/23/2011 - 20:34 | 1592802 unununium
unununium's picture

Haaaaa that's only 150 shares for every man woman and child in the USA.  Nationalization, bitchez.

Tue, 08/23/2011 - 12:40 | 1590693 Boilermaker
Boilermaker's picture

Depends what you mean by massively?  If by it you mean gi-normously on a biblical scale...then, yes.  If you mean just the normal massively, then no.

Tue, 08/23/2011 - 12:39 | 1590694 mberry8870
mberry8870's picture

Me thinks he doth protest too much!

Tue, 08/23/2011 - 12:39 | 1590697 Two Towers AU AG
Two Towers AU AG's picture

How much time does it take to get the money out of a failed bank.. considering my deposit are lower than the 250000 USD insured amount....

Tue, 08/23/2011 - 12:44 | 1590723 New_Meat
New_Meat's picture

I'll get back to you on that.

Tue, 08/23/2011 - 13:21 | 1590895 scatterbrains
scatterbrains's picture

lol I luv ZH!!

Tue, 08/23/2011 - 13:11 | 1590864 HelluvaEngineer
HelluvaEngineer's picture

It depends on if the roads are passable

Tue, 08/23/2011 - 13:41 | 1591004 optionsoptions
optionsoptions's picture

If your deposits are under $250,000 then you won't even notice the bank failed. It will take a second at the same branch you always go to but with a different name.

 

ps. These deposits held at BAC are actually their liability. They are swimming in deposits that they can't/won't loan out so this would be helping their Capital Ratios.

Tue, 08/23/2011 - 12:39 | 1590698 oogs66
oogs66's picture

wasn't it a hedge fund that said over and over that lehman was a house of cards and would collapse?  thing he was right and now owns the mets

Tue, 08/23/2011 - 13:01 | 1590825 zenbones
zenbones's picture

But he owns the Mets and is now wrong.

Tue, 08/23/2011 - 12:40 | 1590699 reader2010
reader2010's picture

Bank of America will NOT be allowed to fail, and will be bailed out at the global taxpayers' expenses. 

Tue, 08/23/2011 - 12:44 | 1590726 CClarity
CClarity's picture

Au contraire!  The depositors will be covered by FDIC and if need be taxpayers.  Banking services will persist at BofA, but stockholders, preferred and otherwise, will NOT be bailed this time.  Bond holders in some jeopardy too, but less as the banking entity will live on.  Small percentage that it will actually be nationalized if European authorities go that route.  

Tue, 08/23/2011 - 12:52 | 1590766 Johnny Yuma
Johnny Yuma's picture

Uh... Sorry, the FDIC does not have the funds to cover BofA's deposits. If taxpayers cover this, there will be massive consequences. What will most likely happen is BofA will be dismantled with another big bank buying up the "good assets" while the rest are, dare I say, guaranteed by the Fed or Treasury and sold in smaller tranches to investors. Should this come to fruition, BofA will be dead and gone. 

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