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...

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...

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.

Ugly

"The problem is that falls of this magnitude become self-fulfilling"

Maybe that would be a good reason for journalists to be more responsible with what they wite, dont you think?

Enough of great depression predictions...and giving camera time to loonies like Roubini...

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?