venividivici

BAC: Where Are the Damn Cops?

This Sodom and Gamorrah financial system has not had a nanogram of credibility for a long time. Sooner or later it is going to end in disaster. In this environment you need some exposure to gold and I'd suggest a good junior miner.

Why This Rally Is Unsustainable

Very informative and entertaining article.

NY State's Cuomo vs. BofA's Lewis: The Battle Heats Up

If America is to begin the slow process of restoring some faith in its totally debauched financial system then every last cent of these outrageous and totally undeserved bonuses must be recovered. End of story.

An Obama Speech to Light Wall Street on Fire

Ahh Jason Schwarz, you really are a trimmer, mate. As usual you have done yourself proud with your latest offering.
In your September 16 article, "History Suggests The Financial Bottom May Be Near", you finished with a quote from your hero, Ken Lewis., when he described the purchase of Merrill as "the strategic deal of a lifetime". Basically, he paid $50 billion for a company that would have gone to nothing in a matter of days. History of course has shown that the company actually had a massive negative worth. Just today they revised their 4th quarter loss to $15.84 billion!
I can truly believe that you would be long BAC. I just worry that there are some poor souls out there who follow your advice. If they did, they would be really really poor.

Time to Buy Bank Stocks

Put your money where your mouth is and I am sure, Gold Digger, you will get everything you deserve.

I must confess, i am surprised you have any money to invest.

Bank of America Up over 50% from Its Bottom

This article epitomises why America is up sh.t creek without a paddle. This company is hopelessly insolvent and would immediately go belly up wihout the massive government support it is receiving. That is the reality but hey why worry, just about all of the others are in the same boat. If you Americans want to turn things around you have to stop playing these mickey mouse money making "casino" games and start doing productive things that create real value.

Bonus Scandals Begin to Emerge

Felix if America wants to begin the long process of restoring some sort of faith in its hopelessly corrupted financial system, then every last cent with interest of these outrageous and totally undeserved Merrill bonuses must be returned. This is typical of the "banana republic" behaviour that has become commonplace in America. Without profound change, America is facing a very bleak future.

Derivatives and Bank Collapse - The Scam That Went Largely Unreported

Mauljeff whilst I agree with most of what you say I have to take issue with your description of the market as a "casino". That is a gross insult to casinos. Casinos are very closely regulated in the way they relieve their clients of their money.
Singhash my best wishes and commiserations. I agree your worst fears wiil probably be realised.

Bad Bank, Or Bad Plan?

Anyone who complains about the latest plan to bail out these grotesquely incompetent bankers with more and more public money is immediately labelled a "short" by people like our friend above. God help me!!! It is little wonder that America is going down the gurgler at light speed.

Merrill Lynch Datapoint of the Day

For crying out loud, Felix, this man paid $50 billion for a company that clearly would have gone to nothing within a matter of days. And he crowed about it like he'd picked up a bargain. The company actually had a massive negative worth. America's financial system is a sick farce. Ordinary hard working honest Americans are being taken to the cleaners to pay for this mob of idiotic miscreants. I just wonder when you Americans are going to get angry?

Worrying About Large-Deposit Bank Runs

i think the powers that be are simply selecting those that they think have the greatest chance of surviving the oncoming greater depression with these sweetheart deals.

Bank of America: 'Paulson Plan Benefits Mostly Goldman, Morgan'

My understanding is that Paulson had to sell $600 million of Goldman Sachs shares so he could take up his government appointment and that he did so tax free.

Will BofA Cut Its Dividend?

I am at a total loss to understand how Merrill Lynch will make any money in this brave new world. All the old BS money making games have either been sent to the dustbin or are now hugely reduced and he is going to pay the equivalent of $50 billion in BAC shares. How will this not be hugely dilutive to the company's earnings per share? Can someone please enlighten me.

Citigroup: Trading Transparency

Your last sentence is spot on. This is a market dominated by idiot gamblers. With the financials, it's a matter of picking which of the basket cases you are going to gamble in after the government has gifted them a trillion of so by taking all the toxic waste off their books. A word of warning, Cramer is telling his legion of fans to start dumping.

The Financials, the Automakers, and the Call That Cramer and All of CNBC Got Wrong

Andy I don't know why you bother with an article like this. Cramer gets it wrong again and again and again but if you dare to point this out his loyal fans will rush in and defend him to the hilt. People of low intelligence need their gurus and they infuriated by people who criticise their infallibility. I am just waiting with baited breath for Ben Stein's next offering about how it's really not that bad and if we all just hang in there and believe then everything will be just fine.