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  • Bank Of America: Diamonds Are Forever [View article]
    wd40k

    Question 1} Have you read DODD_FRANK ACT?

    Question 2} Are you blaming the Banking lobby for Fauxcohontas mistakes?

    Question 3} Are you aware The Dodd-Frank law has 849 pages, compared with 66 pages in the Sarbanes-Oxley Act, a 2002 law that overhauled accounting rules following the Enron scandal?

    Question 4} Are you aware how many pages are in the DODD FRANK regulations?
    Trick question it's nearly 7 years after the meltdown and the clowns in the Obama Administration still haven't finished it. It's over 10,000 pages and counting. They have till January 19, 2017 to publish it
    May 16, 2015. 03:17 PM | 2 Likes Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    mfleysher

    I think you should re-read the articles. Many people confuse the actual stress test with the accompanying capital plan.
    The media does the same when they call a Senator instead of the proper term of Congressman.
    They also use the term congressman when referring to a member of the house instead of using representative.
    May 16, 2015. 03:01 PM | 2 Likes Like |Link to Comment
  • Digging Into GE's Japan Exit Plan [View article]
    makinmoneyinmo

    You need to re-read my comments. GE could not roll over it CP debt by the end of 2008. Without the Governments help Chapter 11 would have been filed. Just like you are told to diversify your assets, financial institutions are suppose to use various funding avenues so not one avenue can cause grid-lock. The smartest guys at GE broke every unwritten common sense rules in the book. At no time should the mismatch position within six months exceed 10% while its been said it exceeded 20% when the invention happened.
    I never spoke of Alstrom , I commented on GE after the spin off of SYF and the subsequent tender of SFY using GE shares to swap.
    Alstrom made less than $500million profit in 2011 that less than 5 cents
    per GE shares outstanding.

    I've owned GE since the 1960's and trade weekly the stocks and calls.
    Your comment "If Immelt was that bad a CEO, he should have been gone then." shows both immaturity and limited knowledge of how the corporate world works.
    May 16, 2015. 02:44 PM | 2 Likes Like |Link to Comment
  • Digging Into GE's Japan Exit Plan [View article]
    making money in mo

    Stop hand-cuffing some of the smartest people on the planet with some of the dumbest legislation ever passed by our government.

    if it wasn't for the Gov't, GE would have been next in line to GM in bankruptcy. Read how they took over the CP market starting in 2006.

    You should also ask yourself why was GE dead money for the years Immelt has been in charge. The second question you should ask is after all of the swaps are done between SYF & GE is the dividend safe.
    May 16, 2015. 08:23 AM | Likes Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    mark335

    Does this mean that you worked for B of A out of California that was so badly run that the guys from Charlotte were considered saviors?
    May 16, 2015. 05:08 AM | Likes Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    indy 442

    Funny how a guy with no bio, can not type gives false data and expects no one will notice
    May 15, 2015. 11:02 PM | 1 Like Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    graham downunder

    You need to understand that because JPM and WFC are 4/5 times higher in price they also need to gain 4/5 in price increments to equal BAC.
    Look at the price charts. How many one dollar moves has BAC had and how many by JPM or WFC at $5.
    May 15, 2015. 06:20 PM | Likes Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    buckoux

    I have to disagree with your assessments, I see one possible two rate adjustments this year. The longer we go without a rate hike the only winners are the top 5% of the US economic group.
    May 15, 2015. 06:02 PM | 2 Likes Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    perk

    Buffett and Munger have to buy and hold for tax reasons. If your funds are mainly in retirement accounts then it's in your favor to churn as no gains are taxable on individual trades.
    May 15, 2015. 05:51 PM | 1 Like Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    M K Woong

    The banks have been selling mortgages to Freddie and Fannie for over 30 years, this is not something new. The main reason they don't make loans heavily to the public is because the public in general has a lousy credit score. I would love to see some form of Glass-Steagall re-instated however based on how the democrats handled Dodd-Frank which cemented TBTF, I don't see it happening anytime soon.
    May 15, 2015. 11:59 AM | 8 Likes Like |Link to Comment
  • BofA and JPMorgan make agreement on consumer bankruptcies [View news story]
    buckoux

    Perhaps those who pay fines to any federal or state agency for wrongdoing should be required to list said offenses on their door in apartment buildings and on their lawns if the own a house. We should also list convictions and non payment of a debt in a timely basis. In 2008 their were 55 million Americans that owed the IRS. We do want transparency in our neighborhoods don't we.
    tongue in cheek
    May 8, 2015. 01:46 PM | 1 Like Like |Link to Comment
  • BofA and JPMorgan make agreement on consumer bankruptcies [View news story]
    Stephen Alpher, SA News Editor
    YOUR JOB IS TO REPORT THE UNBIASED NEWS NOTHING MORE

    I agree that all financial firms should follow the law, however you should follow the unwritten laws of your profession either report it unbiased or print the word commentary as you were suppose to do
    May 8, 2015. 11:43 AM | 5 Likes Like |Link to Comment
  • No surprises from BofA's annual meeting [View news story]
    GWYNFRYN

    Back in the days of my time in the brokerage subsidiary during the period 1973-1979 we were asked every year for a copy of our proxy reports by the several examiners that came through. I doubt if any broker would not send out a proxy because you got paid for doing the job on a per piece basis. I do not know if the rule has changed but those with foreign addresses were exempt from mailings. It was the duty of the foreign addressee to ask in writing to get proxy material (I hope they did change the rule for fairer treatment of foreign investors) I know that we sent letters back then to all our foreign clients advising them what they should do. Back then most foreign holders did not want to vote so my guess that maybe 2% actually voted.
    May 7, 2015. 01:35 PM | Likes Like |Link to Comment
  • No surprises from BofA's annual meeting [View news story]
    mr witty one

    There was a record date of which only holders on that date gets to vote. I assume you were not a registered holder or your broker did not send you the proxy

    Bank of America stockholders as of the close of business on March 11, 2015, will be entitled to vote at our annual meeting and any adjournments or postponements of the meeting.

    The settlement date of your purchase needed to be on or before march 11.
    first check with your broker or contact FINRA.
    May 6, 2015. 08:18 PM | 1 Like Like |Link to Comment
  • Apple: Here's Why The Stock Will Take Out $140 Before The End Of May [View article]
    scott trader

    I do not consider Apple an investment only a trade.
    The reason I do not consider it an investment for three reasons
    1] To many by the stock and their products using their heart over their head. Too many people need to have the next new gadget.
    2] Many of their products will reach saturation in the next couple of years.
    3] Look at it like the original TV. We went from black and white then to color and then strictly replacement for 20 years and the major manufactures got out of the business or went belly up.

    Seeing your doing DRIP you think the game has years to run, you maybe right just like Richard Saintvilus thinks it will go to 140 by the end of month. I got out and made a decent profit. I decided not to get back in because my gut said no. I hope it works out for you
    May 6, 2015. 08:10 PM | 1 Like Like |Link to Comment
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