Chemist29

Two Prominent Economists Admit Leverage Kills

Yeah, not sure how this is going to help the markets or the economy...and yes lets listen to the people who caused a huge mess 10 years ago. Where were they then?

Goldman Sachs: Still Arrogant and Unrepentant

if you think goldman makes too much money for its shareholders, buy the stock.

Japan Provides Proof That Bank Bailouts Work

Last I checked TARP was started under bush. but attribute everything to obama....

Why This Rally Is Unsustainable

awww shorty got burned...

Betting on the Big Banks

bought merrill for pennies on the dollar? are you nuts? the whole argument is that they OVERPAID, and I dont see anyone else stepping in to buy merrill or countrywide...Great example of revisionist history. besides, they hardly concealed the fact they sold 1.6 billion from CCB.

Waiting for the Government to Act on Banks

So a doctor who graduates med school who makes lets say 200k a year, and who has debts from undergrad and med school that total 250k, right when he graduates is insolvent right? Because his liabilities exceed his assets...makes sense. must declare bankruptcy right away huh? Yeah, I agree the banks common equity is probably negative but cash flow is there and liabilities are being paid. time is all that is needed, not government making more irresponsible lending decision (fannie and freddie anyone?)

Sorkin's Questions to Bank CEOs, Answered

13-Nov-08 PANDIT VIKRAM S
Officer 850,000 Direct Purchase at $8.92 - $15.15 per share.

Home Prices May Be Nearing Bottom, Bank Equities to Follow?

omg an optimist! stop publishing! doom and gloom! 50% more to go from drop! Anyways, I hope you are right, but I might pick up a little BBT if this downturn keeps up, valuation is too compelling

Top Market Cap U.S. Banks: A Long Term View on Value

Where were you on July 15th? I bought USB then, locked up a 7.8% yield and have gained 50% in stock appreciation. Buy on weakness. Only mistake, not buying more companies

Merrill's Moves Make It More Appealing Takeover Candidate

I remember Ken Lewis (ceo of BAC) making a sneering comment something to the effect of "we wont use our petty cash to buy an investment bank"

Time To Buy Banks? Proceed With Caution.

Maybe this represents climbing out of the bottom, maybe not. Who knows if we'll test these lows again but it honestly doesn't matter, next time it dips, buy. it's really that simple, enjoy the rally for now!

Time To Buy Banks? Proceed With Caution.

Not to point out the obvious or anything, but you buy things when they are lower, not when they are higher, so you get more shares for the same cost. Example, the news was TERRIBLE tuesday morning, USB is still earning its dividend, so I bought, at 22.1 and locked ina 7.7% yield. Now i'm up 30% on principle also. Obviously not all my picks have done that but you buy on weakness, when things are low. When the good goes down with the bad, thats when to buy. By the time everyone starts feeling good and cnbc says buy banks, theyll already be up 30%.

BofA CEO Lewis the Next to Fall?

In all fairness to ken Lewis, all the previous acquisitions have been good. MAYBE he knows what he's doing. BAC has had its eye on CFC for a LONG time, now they get it for a total of 6 billion? They are the #1 mortgage originator and servicer (or something like that) now for measly 6 billion. You dont think that's going to pay off in a few years?

Eight Stocks Going Ex-Dividend This Week

Doesn't the stock go down by the dividend amount? (answer: yes) Seriously you people are not the first to think of this...

Bank of America: The Most Popular Dividend in America?

Yes ken thompson preached about the safe dividend etc etc. Now he's been retired haha