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You want one hump or two with that?
And a camel toe.
Funny they don't say which way they are off by factors of 10 and 4.
or the mortgage analysis being provided by a hedge fund "that has acknowledged it will benefit if our stock price declines
cant believe idiots could write this way..
so let me get it straigt.. ANY ANALYSIS IS OKKKKKKKKKKK
AS LONG AS IT BENEFITS IF STOCK PRICE IS HIGHER...
did they mean that? arent they afraid of sec/lawsuits/etc?
fin world is compelety fucked and lost mind
I can't believe that they would put this in because they are saying that a hedge fund has analysis so credible they are putting money behind it.
Blodget doesn't even have that type of skin in the game
Afraid of the SEC? More like complicit with the SEC!
A class action though... That might be a good idea...
btw, if BAC is massively undervalued that means insiders won't sell squat. Right? Beuller? Beuller?
TLT barely moving. People are still piling into bonds.
5-yr. still at 0.91%, which means if you want to earn $100,000/yr. "risk-free", then all you need to do is to pile $11,000,000 of fiatscos into 5-yr. AA-rated Uncle Gorilla notes.
No, I don't think it would. Why don't you tell me more about the Anunnuki?
They will return shortly for the gold they left behind for us to mine as slaves!
There is still a lot of short covering going on. When it is finally over watch out. The spike in yields at the long end will be sudden and spectacular.
A lot of people followed Taleb's and Gross' advice to short UST's and have been buried.
It's all fun and games until somebody gets an eye put out . . .
then it's a sport
Perhaps Irene will make a huge withdrawal from the Outer Banks over the weekend.
I'd happily pay a pound of silver to see Irene grind up the DC/NYC corridor into a pile of shit....Katrina stylee....
Its a MASSIVE RALLY!!!! KD begs GOD to flood DC
Now that DSK is out, careful for your gold!
SGS, your bears called this one. way to go dude!
Just an FYI on the Rumor Mill. Emphasis on RUMOR.
JPM to take over either BAC or CFC with assistance from the government.
New entity to get $100B pref investment from the Geithner/government.
Now i am going to blow my personal gasket.
Looks like Dodd/Frank isn't worth the paper it is written on. Shocked at that really shocked.
here is the WSJ link
that Jamie Dimon is good
JPM can't get BAC without violatng anti-trust laws.
Laws are no longer relevant in Amerikranski.
Yeah, not for a very long time.
"Let me issue and control a Nation's money and I care not who makes its laws"
Only if you're TBTF.
Otherwise, bend over and spread 'em!
Ask Sandy Weill what can be done.
The wsj article said they would have to sell assets later to come into compliance.
If this turns out to be true, what do people thing it will do to the financial sector stocks in general?
There will be fewer of them.
Eventually, there will be but one, to rule them all.
and the government will likely cap litigation risk...so the government will pay the people for the bankster fraud?
I heard that TBTF bailouts are MANDATORY under D-F. Whatever.
Rebels just stole a gold plated ak47 from the Q compound... wonder if he knows how much that thing is worth
A Florida man was charged on Tuesday in connection with plans to set off a large stash of
fireworks on the National Mall in Washington, D.C., apparently to protest U.S. banking industry
Bond was set at $2 million, according to WTTG.
National Park police said they arrested Neff, of Stuart, Fla., after they saw him in a red
Jeep Cherokee in a park in the Washington suburb of Bethesda, Md., after closing time Monday.
The Jeep contained fireworks and was fitted with a turret and multiple tubes from which the
explosives were to be deployed, police said.
Neff told police he didn't want to hurt anyone, but wanted to draw public attention on the
busy National Mall. He said he wanted to send a message about the banking industry, police said.
What is the CDS spread? That will tell me everything I need to know....
Gold down and Robot is back.
Yeah, missed the old guy and his prophetic posts. Where were you the last 300 dollar ramp in gold? Oh well, nice to have you back Robot.
Robot isn't about "responding" to other people's posts.
just based on how they lied, stalled, bumbled and have no clue what they are doing with a simple modification (BOA can factor that by a few million) and the rest of us should fully understand why this bank is insolvent
PANIC BUYING COMMENCE!!!!
Disgusting, more taxpayer money to backstop these reckless fuckers. When the fuck does this shit end.
I could answer your question but you already know the answer to it just as the rest of us already know. It also amazes me how we never have any money for NASA or education or jobs programs or infrastructure upgrades but somehow we always seem to be able to find a few hundred billion laying around in the seat cushions to bail out the TBTFs...
Guys like Henry are fun like the same guys (Cramer) on the other side. At least Cramer tells you that he really is there to entertain you. Blodget was incredible at puffery, and now that he has found mainstrem media, and is "expempt" from the SEC after being permanently banned... he can be as blasphemous as he wants to be.
Truth be told, companies like Coca Cola have virtally ZERO tangible equity and yet still earn tons of cash. That's the case with Bank of America as well. Tangible equity is not necessarily all that it's cracked up to be if the firm in quesiton has tons of recurring cash flows. 24 months from now, the company will stil charge off $20+ billion a year in losses but the cash flows will be triple that number.
I suspect you iwll see the FED capitulate in RELAXING the current capital standards and claiming the beginning of a recovery and furthermore, the relaxing of capital ratiostandards in order to accelerate lending.
11% of the deposit base in America will not go to ZERO. Sorry guys. The system will not allow it. Buy the TARP preferred and the Convertibles if you can't stomach the common equity.
You work in Charlotte?
The reason banks need tangible equity is that in "bad times" their cash flow is woefully insufficient to cover write-offs and write-downs.
That is B of A's problem right now - in spades.
Delivery boy: Hello I have a large delivery of new underwear and toilet paper for someone...ummm L Dirita, El Dorado, El Diarea?
Well what can I say, if you are not shorting this "rally", suit yourself! All I see is fear and greed, fear and greed, no one, really, no one, is actually THINKING for a change!
Be careful there Joe. Earlier rumor today was the that the US was going to implement their own ban on Financial stocks very soon. This is sooo stupid it has got to be true!!!
Traianus, on Friday I'll know weather my grandparents raised an idiot ora lucky fool :)))!
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