Why Bank of America Paid Back the Money [View article]
"...And, in the long run, is it not better to take the dilution now rather than remaining crippled or partially crippled into the future?"
Who's crippling whom? BAC just diluted its shareholders and guaranteed that its cost of doing business will increase due to higher executive compensation. The shareholders are the ones with the discarded crutches stuck up their rectums.
By the way, of all the thousands of BAC-patriot employees, I cannot believe that there is not one who is capable, competent, professional, eager, energetic, etc of leading BAC for a long-term shareholder stake in the company as compensation?
I will believe BAC is healthy when it starts buying back the MBS and other financial paper it sold to the Fed for the same price the Fed paid for it. So far, there is no inkling that BAC is eager to repurchase and own those MBS which are packed with questionable Countrywide mortgages.
Dow's Ratio to S&P 500: What Does It Mean? [View article]
Perhaps this is an early signal of the eventual demise of the DJIA. If 80% of the jobs in America are created by small businesses, then why don't we bust up the 30 largest corporations and eliminate a future "too big to fail" threat? Goodbye and good riddance to government of, by, and for the big corporation!
An Open Letter to the Plunge Protection Team [View article]
I too hate the phrase "win-win" because it ignores the fundamental law of nature: "the conservation of wins and losses." For every winner, there is a loser. Ergo, for every "win-win" there is a "lose-lose". And I should know because I always seem to end up on the "lose-lose" end of the "win-win" deal.
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Latest | Highest ratedWhy Bank of America Paid Back the Money [View article]
Who's crippling whom? BAC just diluted its shareholders and guaranteed that its cost of doing business will increase due to higher executive compensation. The shareholders are the ones with the discarded crutches stuck up their rectums.
By the way, of all the thousands of BAC-patriot employees, I cannot believe that there is not one who is capable, competent, professional, eager, energetic, etc of leading BAC for a long-term shareholder stake in the company as compensation?
I will believe BAC is healthy when it starts buying back the MBS and other financial paper it sold to the Fed for the same price the Fed paid for it. So far, there is no inkling that BAC is eager to repurchase and own those MBS which are packed with questionable Countrywide mortgages.
Dow's Ratio to S&P 500: What Does It Mean? [View article]
An Open Letter to the Plunge Protection Team [View article]