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  • JPMorgan (JPM), BofA (BAC), Citigroup (C), Goldman Sachs (GS) and Morgan Stanley (MS) are among the banks that are completing their "living wills" ahead of a deadline on July 1. The exercise could lead to the banks becoming less complex, as the law empowers regulators to order a firm to sell units if it cannot plan an orderly bankruptcy.
     [View news story]
    I agree - the government can't stand there and look innocent.... "Everyone should own a home" turned out to be an awesome plan...
    Jun 27, 2012. 09:10 AM | Likes Like |Link to Comment
  • Was this part of the TARP agreement? Bank of America (BAC) announces a goal to make $50B in loans over the next 10 years to green businesses. (PR)  [View news story]
    BAC didn't lend money to the folks that are defaulting on their mortgages - those were originated with Countrywide... And the goal of any business is to make money for the shareholders, not stick it to them. That wouldn't make much business sense, now would it? Maybe they actually have the education, background, and knowledge to make a business decision that they feel will make money AND win over a little market favor....but don't worry, I can tell by your intelligent comment that they aren't really concerned with your minor investment portfolio....
    Jun 13, 2012. 02:31 AM | 2 Likes Like |Link to Comment
  • Stay Away From The Big Banks [View article]
    BAC presented folks with a great buy opportunity when it was at $5. The mortgage situation is clearing itself up, albeit not as soon as we'd like, but it's making progress. The author apparently missed the bus a little while back, but I still believe BAC to be a great long buy. I've sold about 1/3 of my shares as a 50% gain in the short....believe in the company or not, dollars are dollars.
    Mar 18, 2012. 06:27 AM | 3 Likes Like |Link to Comment