bill d

John Thain Called Out by the President

Well I guess if you are going to take your company down the drain - it might as well be in a nice toilet.

*******President Obama must be even more surprised with the fact that he paid the same designer eight times less for his work on the White House ($100K) than Thain paid him to do his office ($837K)*******

Something doesn't smell right here either (pun intended). Is this a Chicago style deal (again ???). I assume Bush didn't strip the building like the Clintons did.

Diogenes (sp?) has left the building.

Bulls Take a Stand - Cramer's Stop Trading! (10/10/08)

Cramer work for NBC.
NBC belong GE.
What you think, Grasshopper ?

The First Shoe Drops as Bank of America Cuts Dividend by 50%

Idiott

Will BofA Cut Its Dividend?

What are you - the new NYKA ?
So nice to hear from people who never make a mistake.
Thanks for your enlightening contribution.

Dividends: A Bright Spot In a Bleak Time

Oh yeah - your YIELDS are going up. Why - cause the stock price is going DOWN. Why - because things aren't looking real good. Now expect your whopping dividends to go DOWN.
Your BAC really increased your yield today. I sold a 35 put a week or 2 ago for 1.50. Got exercised - already got the dividend and made about $5/share. Doubt I would see that sort of profit any time soon.

Dow 'Dirty Dozen' Offers High Yields and Good Value

So what is ?

The Long Case for Bank of America

BAC info:

www.bloomberg.com/apps...

The Long Case for Bank of America

re STR comment:

if you buy it i would certainly hold on to it. (what a stupid statement. for how long? anytime you buy a stock you hold on to it. )
Now THAT is a stupid statement !!!! Probably your way of avoiding buying high and selling low.

re Jackooo:

BAC on record not covering CFC debt. You don't have much legal experience, do you ? You really think BAC would take on anything they weren't prepared to handle ? Guess you haven't been watching the financial stuff going on lately either.

Bank of America Buyback Announcement: Who Cares?

Dusty -
Why are you even thinking about talking or listening to a broker ?
If you are on this site you have free access to more than enough resources to be able to handle your finances at LEAST as well as any broker. I bought some BAC a short time ago - I sold some $35 puts for about $3. Got the stock put to me at $35 (of course) so my net cost is $32/share. Now showing a profit and if their stated dividend gets paid I'll have a return of about 8% and then maybe sell some covered calls. I remember when brokers screwed me to the wall - but now there is absolutely NO excuse to deal with them unless you got more money than brains.

Can Cities Create "Foreclosure Sanctuaries?" [Housing Tracker]

bearfund - great idea except SD is a couple billion dollars in debt and are close to filing bankruptcy if they haven't already.
And I'm sure there won't be too many lenders willing to lend anything if their collateral will be held captive by the gov't.

Financials Future Still Uncertain

texalope is right on.
Banks et al are just as dirty as the people who are supposed to be watching over them. But then is that really news ?

Short term holding BAC stock & LEH calls

Banks Hit Bottom – Cramer’s Mad Money (7/21/08)

ShortingHurt - Long, hard read but holy shit - I'm going to start sleeping with one eye open and my Glock under my pillow.
Part way through I'm thinking this sounds like a lucrative venture for the "mob". Guess I wasn't the first one it occurred to.
If you wrote a movie about this nobody would believe it - this is wilder than fiction. The worst part is it would seem to be so damn obvious to any one in the SEC or any area of the business.
Used car dealers, lawyers and real estate people just moved up a couple of notches on my slime ball list.

Three Stocks To Be Held To Infinity and Beyond

I could probably list at least 10 promising stocks that had you bought and held at any time in the past you would have lost your ass.
Buy and hold only works for stuff like gold and silver that has intrinsic value but "earns" nothing, has to be stored (safely) and might be difficult to actually use like to buy bread, etc.
An ounce of gold used to go for $35/oz.
Certainly worth more today than the intrinsic value of a lot of stock certificates.

What Pushed the SEC to Tighten the Rules - Now?

Well you know what's going to happen now.
After sitting on their ass while the shit hit the fan - now they will jump in and go overboard and end screwing things up worse than ever.

What Pushed the SEC to Tighten the Rules - Now?

About the time I think I've seen it all - this blows me away.
I would gladly lead the firing squad for those responsible for these "rules". And I am a flaming right wing capitalist - as little gov't meddling as possibile but this is allowing Grand Theft and if the SEC does anything it should not permit this to go on.
I still can't believe it.
In the 70's I lost money on a second mortgage - con men had encumbered the same property 30 times.
They went to jail - I considered deadly force but was afraid the sheriff would take away my badge.