DonSuper

Tangible Common Equity: How Much Is Enough?

"Sophisticated investors"...more like sophisticated morons...by the way, you forgot your disclosure...

and you didnt mention pre-provision, pre-tax earnings...which are really the first buffer to absorb losses, before your much hyped TCE...some banks in fact have higher pre-prov pre-tax earnings than TCE...but I guess either you are not smart enough to figure that out, or it wouldnt be as helpful for the short position you probably have...

Why Investors Should Have a Healthy Distrust of Management

I dont think these are particularly good examples. As pointed out, there was some disclosure with respect to Jobs health. Also, in the case of BAC, maybe they were foolish with the MER acquisition, but not dishonest. They seeked help in december, much later than when the acquisition was announced, not at the same time as the article says. And it was prudent from management to try to cancel the acquisition given that conditions got much worse in the last months of 2008. The government didnt want BAC to cancel the acquisition, that is why they are offering the guarantee.

Nationalize Citigroup and Bank of America

I agree with Informed investor, you are very irresponsible Felix for creating this type of speculaiton on false premises.

For all we know it might even be a positive for BAC if they made some good negotiation with the FED in order to not CANCEL the acquisition of MER. Until jan 20 we wont know if the drop in share price is justified. And as Informed investor pointed out, BAC has not posted a single loss since the crisis started...you know, for a company to be insolvent it has to have negative earnings AND not have enough cash flow to pay its obligations, BAC is far, very far from that...

Cramer: Stupendous Short Sale Volume Drove Banks Stocks Down

Manipulation has to stop, and the uptick rule restored...

However, banks could have given this shorts a good lesson buying significant amounts of stock at those depressed prices, to give them a lesson like the one Posche gave shorts with VW stock...

Pay Bankers Much Less

You are correct Felix, most bankers are grossly overpaid, and as explained in Liar's Poker, they dont even care much about the total amount, but by the relative amount they earn compared to others in the company/competition.

A friend has a P.h.d in Physics, she is very bright, and instead of working to solve serious problems, she was attracted to work in trading models for Wall street because she made much more money, but I bet her talent would be put to much better use in another place solving real world problems.

Stocks Will Continue to Erode In This Busted Economy

U WISH U STUPD SHORT

Has Buffett Become a Dividend Investor?

It seems the BAC purchase, and decrease, were done by Lou Simpson, not by Buffett...

Check the 13F, and you will see that the BAC stake includes GEICO as a reporting person, whereas other big stakes dont. Besides, it is not Buffett's style to sell a stock one year after purchasing it.

NRG also seems to be a purchase by GEICO, whereas COP does seem to have been chosen by Buffett.

Merrill Brokers' Pending Exodus Likely Exaggerated

yeap! exactly...

Citi Gets a Good Deal; Ken Lewis Overpaid

you are the same clown that said was gettin a better deal than Buffett in dow chemical right?

You really dont understand anything...add the 42B Citi is on the hook, plus the 12 B in preferred, etc...they payed MORE than BAC for ML, and ML comes with THE BEST asset management business in the world, almost 50% of Blackrock worth more than 10B...

But hey, you know more that Buffett right?

BAC's Ken Lewis Mulls Another Deal as Lehman Reaches Brink

If they do make a deal, I hope they only buy the Neuberger Berman (at a cheap price) unit, since it is the only part probably worth buying...

The name, the traders, and the assets, are mostly toxic IMHO. As a BAC shareholder, I too hope Ken doesnt overpay, and doesnt buy toxic assets.

Earnings Preview: Bank of America

I agree with Ralph, unfortunately dumb media, politicians, and analysts dont seem to be able to see things clearly (or dont want to)...