Bank of America Corp. (BAC)

All Comments on BAC

  • commenter
    Wolf88
    Oct 07 04:36 AM
    General Discussion on BAC
    I am wondering why BAC has taken in CFC holdco's debt but not the CFC subsidiary (ie CFC Home Loans) debt. Are they planning an exit from the bad assets sitting in the subsidiary by keeping it separate. Things are getting curiouser... Reply
  • commenter
    User 275334
    Oct 07 12:47 AM
    Bank of America: Bailing Itself Out? [view article]
    CEO Lewis has to be FIRED NOW!! Why? Because he lied when he told Whitney that we wouldnt cut the dividend!! Because he went on a EGO buying spree! and the stock is tanking!! FIRED THIS LIER!! NOW!!! Reply
  • commenter
    SmartStops
    Oct 07 12:12 AM
    My Website
    Buy, Sell or Hold: BofA Will Strengthen as the Weak Perish [view article]
    Prudent is the key word here for sure. I got in at $25 back in August. And with my exit strategy in place and adjusting constantly I can rest easy that I'll stay protected but allow for room for profits to run should the uptrend continue from that low of $20. Reply
  • commenter
    cmetrader
    Oct 07 12:04 AM
    Options Trader: Anticipating Monday Carnage [view article]
    Also, since Cramer has called three market bottoms and today he says sell everything along with you advocating puts on dow components, we should be up 5-10% tomorrow.. Reply
  • commenter
    Football
    Geek
    Oct 07 12:01 AM
    Dividend Aristocrats Survived September [view article]
    BAC just cut their dividend in half ... better delete them from the list Reply
  • commenter
    cmetrader
    Oct 06 11:59 PM
    Options Trader: Anticipating Monday Carnage [view article]
    Anyone buying any options with the vix at this level is a complete idiot. Reply
  • commenter
    Football
    Geek
    Oct 06 11:54 PM
    Buy, Sell or Hold: BofA Will Strengthen as the Weak Perish [view article]
    They just cut their dividend in half ... could be a long road back Reply
  • commenter
    Bru
    Oct 06 06:08 PM
    Bank of America: Bailing Itself Out? [view article]
    Let me get this right. BofA pays more than it has to for Merrill. Dilutes their shares. Cuts it dividend. It sure sucks being a shareholder of Bof A.

    Bru     Reply
  • commenter
    Claus
    Vistesen
    Oct 06 05:19 PM
    My Website
    The Global Economy: Is Deflation the Next Macro Story? [view article]
    Hi Guys,

    Thanks for the comments, not nearly as harsh as I had expected :) since this was after all a bumper piece and I know that SA readers don't take too kindly to these kind of things. I am glad that you took your time to read through it (or some of it, or just the conclusion). Anyway ...

    "The deflation scenario has been in track for some time and given the size of the world housing markets it is the prime mover."

    This is true Whidbey, but what I try to draw attention to is the fact that some economies may simply get stuck due to the particular severity of this downturn.

    "For The Big Freeze is the path"

    Quite and I would then submit that some countries may simply never thaw!

    @ Ihunt

    Excellent points ... I guess we can agree that we agree then.

    "As well as the 1st to come back will be emerging mkts."

    I do think this is one of the main points in the sense that whatever recovery we will see it is going to be assymmetric. Little by little I would also expect money to flow steadily back towards the yield offered by high growth markets. In fact, this would be the biggest threat to the US if we imagined that the Fed would have to raise rates to defend the USD. However, if the the ultimate push from this is deflationary it may not come to that.

    "On the other hand, I think the US $ will fall. We just keep printing dollars. Europe will be Forced to do some similar package or watch Rome burn, as well as the Euro. The Real Blood is just now showing up on the Real Streets. As this happens, Asia, South America, Central America, Middle East, will be shoved up against the wall or kill the System. Much like the Ugliest Global Financial Crisis has played out very quickly, it is possible to go hyperinflation just as quickly. Then, full on deflation as consumers can not pay for anything on the cash adjusted basis."

    A scary scenario, but it may be likely. The feedback effects from whatever policy (inflationist or calvinist) can definitely turn out to be quite volatile.

    @Real Broker

    Very interesting comment. There is definitely a sense of re-coupling in action here. At least, I personally find it quite amusing that people were speaking of the Euro as the new global powertrain only one year ago as Bernanke started to cut rates. Now of course, we are all a lot smarter as it is clear that Europe will now have to clean up its own mess.

    "You can only monetize debt for so long until it becomes mathematically and even theorectically impossible to make good on your promises."

    True, very true and I would not downplay the US situation for one minute. This is not small chips (or whatever) and the US economy will not command the same position in the global economy after this.

    @ YR Dog

    "An interesting question is that if deflation is coming, what will happen to gold. It's hard to look to the Depression for answers there when the countries were abandoning the gold standard and US citizens were forbidden to own gold from 1933. Will gold be a safe haven independent from deflation or will its value fall like everything else? "

    I think many people are asking themselves this question. Clearly, many Austrian punters would just love to see the fall of the global fiat reign and the return to a solid tangible standard. However, that would also imply, I think, a kind of coordination that just is not possible at this point.

    "The interesting thing to watch is will foreigners continue to buy Treasuries at 0.0% ??? They seem to be a hard sell right now. A rate increase any time soon would really seize up markets. "

    Ah yes, this small point. Well, I do think it is quite obvious that the foreign purchases of agencies and treasuries are not necessarily for the real yield they offer. So there must another reason ... now, collectively we would label this system Bretton Woods II although I am unsure that this is still the right thing to call it. Ultimately however, the fact that foreigners have been so eager to finance the US is also a counterproduct of their endogenous growth path and strategy.


    Claus
    Reply
  • commenter
    B Wilson
    Oct 06 05:03 PM
    The Global Economy: Is Deflation the Next Macro Story? [view article]
    Just more words that almost seem to wish for the worst. Why aren't any of you "economic wiz kids" talking about a solution to this problem? Why aren't you talking about what really got us into this mess? All you're talking about is how to use a broken system to fix a broken system. Makes no sense at all to me. What does make sense is this: Cut the big fat overgrown governments in half and allow the taxpayer-consumers to keep ALL of their hard-earned wages to spend the way they see fit. And don't say government cannot be cut back. We all know it's way over-bloated and ineffective. So, 150 million US taxpayers pay an average of $9,000 a year in income taxes. Cut government back by roughly 40%, abolish the IRS and the income tax, and the taxpayer-consumers will keep 13.5 trillion dollars a year. Quite a stimulus package wouldn't you say? - and no money has to be printed out of thin air to implement it. 13.5 trillion dollars will make it where Ford, GM and Toyaota won't be able to build cars fast enough to meet demand. Within a few months or so, there won't be a vacant homes left on the market. China won't be able to build big-screen TV's fast enough. The banks will have many new loans to give and much work to do. I'd suggest you over-educated wiz kids need to get your nose out of those books for a moment and take a more simple look at what's going on in the real world. In the real world, the consumers are out of money/credit and 70% of US GDP is consumer spending. Any wonder why the economy is in the tank? Reply
  • commenter
    John Egan
    Oct 06 04:19 PM
    Bank of America: Bailing Itself Out? [view article]
    Well.... BofA just pre-announced... CNBC was pretty excited, so I may have heard it wrong, but they were supposed to hit 60 cents a share and are reporting 15 cents. They're going to cut the dividend by 1/2 and raise capital..

    jegan ;-)     Reply
  • commenter
    Elliot
    Miller
    Oct 06 04:17 PM
    TARP Passes - Now What? [view article]
    This article emphasizes why the mark-to-market rule has been revised and may need further liberalization. Reply
  • commenter
    mediapro
    Oct 06 04:15 PM
    TARP Passes - Now What? [view article]
    I am inclined to agree with poster: The Hand.

    SA had an earlier article by Diane Ritter that explained the pprocess for those interested in this more palatable solution:

    seekingalpha.com/artic...

     Reply
  • commenter
    YR Dog
    Oct 06 03:30 PM
    The Global Economy: Is Deflation the Next Macro Story? [view article]
    BudH

    Don't be so sure on the min wage cut.. One of the canidates for govenor in Washington is proposing just that, a cut in the min wage.

    Reply
  • commenter
    Fastcad
    Oct 06 02:34 PM
    Wall Street Breakfast: Must-Know News [view article]
    Reaganomics is dead.......It is not possible to borrow and spend you way to prosperity. Reply
Loading...
Symbols:
Authors:
Quick Links: