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Colin Lokey

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  • Former employees allege Bank of America (BAC) gave out cash bonuses and gift cards as rewards for denying loan applications and illegitimately modifying customers' files in order to make them "ineligible for loan modification," Bloomberg says. One "loss-mitigation specialist" claims staff were "regularly drilled … to maximize fees … by extending delay of the Home Affordable Modification Program process" by any available means. "At best, these attorneys are painting a false picture of the bank’s practices," a BAC spokesperson says dryly. [View news story]
    The term "dryly", as it is used here, simply means: "In a matter-of-fact way." As such, use of the term is entirely appropriate and conveys nothing as to an editorial opinion regarding the truth or (un)truth of the former employees' accusations. They say "yes", Bank of America says "no."
    Jun 15 10:04 AM | 1 Like Like |Link to Comment
  • Some details for Covidien's (COV) pharmaceuticals business spin-off (previous): Shareholders will receive one share of the new publicly traded company (Mallinckrodt) for every eight shares of COV they own. Mallinckrodt is expected to begin trading on the NYSE on July 1 (ticker: MNK). (PR[View news story]
    Correction was made on this MC.
    May 24 03:29 PM | Likes Like |Link to Comment
  • Bernanke And The U.S. Taxpayer: Europe's Unsung Heroes [View article]
    I accidentally hit the "like" button on this comment. Ha. Thanks for reading.
    Mar 11 09:19 PM | Likes Like |Link to Comment
  • Bernanke And The U.S. Taxpayer: Europe's Unsung Heroes [View article]
    Great comment Mr. Fuller.
    Mar 11 09:16 PM | Likes Like |Link to Comment
  • Kabuki Theater: Analyzing Bernanke's Senate Testimony [View article]
    Well, I mean I guess you can have your own estimates, but I mean you don't really need to estimate since the facts on it are readily available.
    Mar 7 12:01 PM | Likes Like |Link to Comment
  • Kabuki Theater: Analyzing Bernanke's Senate Testimony [View article]
    The chart is accurate. There's actually a video that goes with it which shows the progression over time.
    Mar 7 10:40 AM | Likes Like |Link to Comment
  • The Bear Who Cried Wolf: Everything Is Fine Until It Isn't [View article]
    I've discussed corporate buybacks at length elsewhere, most notably in the following article: http://bit.ly/Tdf2Cx
    Feb 26 03:41 PM | Likes Like |Link to Comment
  • The Bear Who Cried Wolf: Everything Is Fine Until It Isn't [View article]
    You are correct evan37
    Feb 26 11:06 AM | Likes Like |Link to Comment
  • Heinz Acquisition Marred By Allegations Of Insider Trading [View article]
    Someone has been reading ZeroHedge I see. Kudos to you.
    Feb 25 11:05 PM | Likes Like |Link to Comment
  • How the Fed Could Fix The Economy -- And Why It Hasn't [View article]
    Wait...what?
    Feb 25 10:35 AM | 3 Likes Like |Link to Comment
  • Treasury Shorts, Negative Repo Rates, And The Poor Money Market Funds [View article]
    Also, for clarification, a "special rate" doesn't have to be negative
    Feb 21 07:41 PM | Likes Like |Link to Comment
  • Treasury Shorts, Negative Repo Rates, And The Poor Money Market Funds [View article]
    There is a caveat here: traders are likely borrowing these specials from primary dealers who bid at special auctions to borrow from the Fed's SOMA portfolio...so the traders are a level removed from the Fed borrowing.
    Feb 21 05:07 PM | Likes Like |Link to Comment
  • Treasury Shorts, Negative Repo Rates, And The Poor Money Market Funds [View article]
    Probably not in money market funds
    Feb 21 09:16 AM | 1 Like Like |Link to Comment
  • Why Hyperinflation Is No Myth: The Shadow Banking Component [View article]
    I really cannot stress enough that the important takeaway here is about shadow banking... I'm not sure people are getting that. Anyway, thanks for reading
    Feb 13 12:23 PM | 1 Like Like |Link to Comment
  • Why Hyperinflation Is No Myth: The Shadow Banking Component [View article]
    I am not one of the Tylers, I have a contributor page which you can peruse: http://bit.ly/12yGyZL
    Feb 13 11:06 AM | 1 Like Like |Link to Comment
COMMENTS STATS
422 Comments
534 Likes