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Ricard » Comments » BAC

  • Citigroup Already Being Broken Up (But Not Enough) [View article]
    Glad I got out of this one.

    What will the government do with their position after their 'break-up' is done? Given that Citi Holdings won't exist after their work is done, those 7bn govt owned shares just become one more dilutive mess that C will have to buy its way out of. I don't see the value here.
    Nov 08 11:06 am |Rating: +1 -1 |Link to Comment
  • If Goldman Is Selling, Are You Buying? [View article]
    BTW, thanks for the mention.
    Nov 02 10:49 am |Rating: +1 0 |Link to Comment
  • If Goldman Is Selling, Are You Buying? [View article]
    Not only are we rewarding failure, it seems we are hell-bent on punishing success as well.
    Nov 02 10:49 am |Rating: +3 -1 |Link to Comment
  • What's the Fair Value for the Dow Jones Industrial Average? [View article]
    Please change the title of this article. Not only is it misleading, it is somewhat offensive as well.
    Nov 01 10:00 am |Rating: +5 -3 |Link to Comment
  • Q4 Outlook: Real Life Stress Tests Begin [View article]
    "Disclosure: I own shares in CIT Group."

    I see why you are so pessimistic.
    Nov 01 07:37 am |Rating: +2 -3 |Link to Comment
  • Why We Must Act Now on Our Economic Structural Problems  [View article]
    Hmmm...a most convincing bearish case.

    What if higher commodity prices fueled general inflation, which further fueled commodity prices? Given this ZIRP environment, it is not too far fetched...

    Such a case would make for a nominally bullish scenario, with commodities and TIPS winners, along with leveraged bets in quick movers.
    Oct 25 12:22 pm |Rating: 0 0 |Link to Comment
  • The Credit Card Burden [View article]
    Very nice explanation of increase earnings at CC companies.
    Oct 23 22:27 pm |Rating: 0 0 |Link to Comment
  • Finance's Changing Playing Field [View article]
    Has the government pressed GS about these arrangements? This was front page news on nearly every paper several weeks ago.

    I'd normally be suspicious of someone making a case like this, but you've substantiated it to no small degree.
    Oct 16 19:59 pm |Rating: +4 0 |Link to Comment
  • Eight Reasons Bank of America Is Going to $20 [View article]
    Congrats on a great call. :)
    Oct 08 21:42 pm |Rating: 0 0 |Link to Comment
  • Top 10 Online Trading Destinations: August 2009 [View article]
    I have Scot and Fidelity, Fidelity mainly for family assets.

    I love Scot. I closed my eTrade account and switched to them several years ago, and have found no reason to look back.
    Oct 06 16:56 pm |Rating: 0 0 |Link to Comment
  • Why Give Ken Lewis a Break? [View article]
    "This is ridiculous. People hate Lewis because he’s middle class? Er, no. Because he’s ambitious? (And Dimon isn’t?) Because he’s based in Charlotte? Come on. They hated on Stan O’Neal and Dick Fuld and Jimmy Cayne and Chuck Prince just as much, and they were based in New York."

    The answer is: They hate Ken Lewis because he failed. Any reason is right given the prior statement. They hate Stan O'Neal because he failed. They hate Dick Fuld because he failed. Chuck Prince, Alan Greenspan, George W? Failed.

    Very few people really care what the reason is, as long as 'it' succeeds when they want it to. When 'it' fails, their lack of attention manifests itself in inane discussions such as this.
    Oct 04 12:22 pm |Rating: +2 -1 |Link to Comment
  • 50 Four-Day September Expiration Option Ideas [View article]
    If I were you, I would exit C now.

    online.wsj.com/article...

    Good luck with your trades.
    Sep 15 13:29 pm |Rating: +1 -1 |Link to Comment
  • Consumer Deleveraging Datapoint of the Day [View article]
    Something doesn't connect here:

    "That might well be a function of the sharp drop in auto purchases, and will spike back up when people start buying cars again."

    We just had an auto-giveaway. Wasn't there a sharp RISE in auto purchases this July and August?
    Sep 10 00:28 am |Rating: +1 0 |Link to Comment
  • Citi's Pandit Should Learn from AIG's Benmosche About Handling Government [View article]
    I don't follow AIG that closely but I must agree in large part to the opinion on Pandit. It's somewhat worrisome to me as I have a long position on C. So far, it has been rising as expected.
    Aug 27 13:15 pm |Rating: 0 0 |Link to Comment
  • Private Equity Releverages with a Vengeance [View article]
    The banks knew this long before the troubles began last year...


    On Aug 25 07:23 PM prisser wrote:

    > The banks have learned plenty. This is a prime example of the consequences
    > of moral hazard. If their bet pans out, they win big. If it fails,
    > the taxpayer rides to the rescue.
    Aug 26 02:39 am |Rating: +6 0 |Link to Comment
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