chtrplyr's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/213216/comments http://seekingalpha.com/article/119866-the-market-is-improving-cancel-the-coffin?source=feed#comment-386177 386177
JPM 8.62 x
WFC 6.95 x
BAC 3.16 x
USB 7.65 x
C 8.24 x
BK 8.99 x
GS 8.73 x
TRV 7.41 x
V 17.53 x
AXP 9.67 x
AFL 4.11 x
MER N/A
STT 5.92 x
PNC 6.68 x
CB 8.12 x
]]> Thu, 12 Feb 2009 15:57:54 -0500
JPM 8.62 x
WFC 6.95 x
BAC 3.16 x
USB 7.65 x
C 8.24 x
BK 8.99 x
GS 8.73 x
TRV 7.41 x
V 17.53 x
AXP 9.67 x
AFL 4.11 x
MER N/A
STT 5.92 x
PNC 6.68 x
CB 8.12 x
]]> http://seekingalpha.com/article/115920-why-it-s-time-to-overhaul-the-banking-system?source=feed#comment-362836 362836
The continual defense contractor bailouts with tax payer money just foster waste, incompetance, poor performance and are a black hole for tax payer money.

Let the whole industry die and the few last remaining might be competitive and profitable.

Banking never needed anual government handouts and provided a much needed service over the history of the U.S.

Then we go after the agricultural industry next.]]> Thu, 22 Jan 2009 08:58:37 -0500
The continual defense contractor bailouts with tax payer money just foster waste, incompetance, poor performance and are a black hole for tax payer money.

Let the whole industry die and the few last remaining might be competitive and profitable.

Banking never needed anual government handouts and provided a much needed service over the history of the U.S.

Then we go after the agricultural industry next.]]> http://seekingalpha.com/article/103809-it-s-a-great-time-to-be-an-inflationista?source=feed#comment-297843 297843 Tue, 04 Nov 2008 07:02:07 -0500 http://seekingalpha.com/article/93595-residential-real-estate-how-much-more-pain?source=feed#comment-293582 293582 Wed, 29 Oct 2008 12:44:10 -0400 http://seekingalpha.com/article/102692-three-areas-of-opportunity-for-the-bold?source=feed#comment-293581 293581 Wed, 29 Oct 2008 12:43:04 -0400 http://seekingalpha.com/article/93595-residential-real-estate-how-much-more-pain?source=feed#comment-244040 244040
I bet the 20 state composite case-shiller currently at 167 or so never gets below 160 - about 5% further to the bottom and that the author's 10%-15% further reductions nationwide is an exaggeration.]]> Tue, 02 Sep 2008 15:59:38 -0400
I bet the 20 state composite case-shiller currently at 167 or so never gets below 160 - about 5% further to the bottom and that the author's 10%-15% further reductions nationwide is an exaggeration.]]> http://seekingalpha.com/article/92150-fear-not-yet-a-factor?source=feed#comment-236713 236713 Fri, 22 Aug 2008 14:47:48 -0400 http://seekingalpha.com/article/92135-bank-insiders-made-out-like-bandits?source=feed#comment-236678 236678 Fri, 22 Aug 2008 14:04:15 -0400 http://seekingalpha.com/article/91795-financial-downgrades-down-markets-fast-money-recap-8-19-08?source=feed#comment-235433 235433 Thu, 21 Aug 2008 08:04:23 -0400 http://seekingalpha.com/article/91804-wednesday-options-update-mer-bac-fnm-amgn-amln-lly-mea-ge?source=feed#comment-235430 235430 Thu, 21 Aug 2008 08:01:07 -0400 http://seekingalpha.com/article/91616-financials-and-housing-the-outlook-remains-ugly?source=feed#comment-234553 234553
Also painting all 'financials' with the same brush is a mistake some modeled and provisioned for much higher peak to trough housing value declines and over all economic conditions.

Without going through loss severity impacts and doing so without being biased and over emphasizing all negative impacts and ignoring positive impacts (housing bill, credits etc.) like this article did a very distorted 'gloom and doom' picture arrived however it might just be all smoke and mirrors of the negativity crowd as their negativity bubble collapses.]]> Wed, 20 Aug 2008 07:17:23 -0400
Also painting all 'financials' with the same brush is a mistake some modeled and provisioned for much higher peak to trough housing value declines and over all economic conditions.

Without going through loss severity impacts and doing so without being biased and over emphasizing all negative impacts and ignoring positive impacts (housing bill, credits etc.) like this article did a very distorted 'gloom and doom' picture arrived however it might just be all smoke and mirrors of the negativity crowd as their negativity bubble collapses.]]> http://seekingalpha.com/article/91119-an-evaluation-of-the-sec-8217-s-prohibition-on-naked-short-selling?source=feed#comment-231091 231091 Fri, 15 Aug 2008 10:00:44 -0400 http://seekingalpha.com/article/90913-panics-do-not-destroy-capital?source=feed#comment-230297 230297
The fact that more people will be using CC's for a while and re-learning how to manage their finances is not necessarily a bad thing for BofA]]> Thu, 14 Aug 2008 12:05:15 -0400
The fact that more people will be using CC's for a while and re-learning how to manage their finances is not necessarily a bad thing for BofA]]> http://seekingalpha.com/article/90947-another-leg-down-for-financials-is-coming?source=feed#comment-230287 230287

BoFA/CFC Option Arms Prime Loan exposure

$25B total Option ARM prime loans
$17B covered by supplemental mortgage insurance

Borrowers credit scores still good -> Prime Loans
----------------------...
Average original FICO score 715
Average refreshed FICO score 680

88% current in payments and in good standing.

Reset schedule:
2009 $0.2B
2010 $3.8B
2011 $6.9B
Thereafter $2.4B
Loans assumed to repay before recast $9.6B

Current refreshed LTV with provisioning = 70

30% down (positive equity)

Housing bill to aid $300 billion in mortgages...
----------------------...
Loss severity will be minimal to BofA related to Option Arm's exposure given the current provisioning.


"CLTV computed off remaining balances. If computed from values after purchase accounting adjustments the average CLTV percentage for the portfolio would be in the low 70's."
]]> Thu, 14 Aug 2008 11:54:43 -0400

BoFA/CFC Option Arms Prime Loan exposure

$25B total Option ARM prime loans
$17B covered by supplemental mortgage insurance

Borrowers credit scores still good -> Prime Loans
----------------------...
Average original FICO score 715
Average refreshed FICO score 680

88% current in payments and in good standing.

Reset schedule:
2009 $0.2B
2010 $3.8B
2011 $6.9B
Thereafter $2.4B
Loans assumed to repay before recast $9.6B

Current refreshed LTV with provisioning = 70

30% down (positive equity)

Housing bill to aid $300 billion in mortgages...
----------------------...
Loss severity will be minimal to BofA related to Option Arm's exposure given the current provisioning.


"CLTV computed off remaining balances. If computed from values after purchase accounting adjustments the average CLTV percentage for the portfolio would be in the low 70's."
]]> http://seekingalpha.com/article/90913-panics-do-not-destroy-capital?source=feed#comment-230200 230200 Thu, 14 Aug 2008 10:42:01 -0400 http://seekingalpha.com/article/75377-fed-delivers-a-steep-yield-curve-a-bulls-best-friend?source=feed#comment-223885 223885 Wed, 06 Aug 2008 09:09:30 -0400 http://seekingalpha.com/article/86810-thursday-options-update?source=feed#comment-213596 213596 Thu, 24 Jul 2008 13:48:56 -0400 http://seekingalpha.com/article/82484-bofa-ceo-lewis-the-next-to-fall?source=feed#comment-208594 208594
CFC only lost $0.2B last quarter.

The author and stopthemaddness seem to have an imagination that BofA actually posted a quarterly loss at some point when that is totally false.

When this is over the BAC super bank has access to the 10 Million more customers and originates $480 Billion in prime mortgages per year - the cross selling alone will be a tremendous boon to revenue and earning growth.

SA is terrible with these authors who lack knowledge of the companies they 'short and distort']]> Fri, 18 Jul 2008 10:30:37 -0400
CFC only lost $0.2B last quarter.

The author and stopthemaddness seem to have an imagination that BofA actually posted a quarterly loss at some point when that is totally false.

When this is over the BAC super bank has access to the 10 Million more customers and originates $480 Billion in prime mortgages per year - the cross selling alone will be a tremendous boon to revenue and earning growth.

SA is terrible with these authors who lack knowledge of the companies they 'short and distort']]> http://seekingalpha.com/article/82184-countrywide-potential-short-squeeze-in-the-offing?source=feed#comment-191065 191065
BofA had $15B current provisions plus $13B positive net equity in CFC plus potential $7B reserves this quarter for $35 Billion total.

All the while remaining profitable.

That will more than cover the balance needed to cover losses even in poor economic conditions the next few years.

With the housing bill they will only have about a quarter of those losses and will book write ups.

This is a negativity and oil bubble that is going to burst. BofA will help that happen after they book CFC as the lower the BofA price right now the lower they book for CFC for.

Shorting CFC at this level is about the dumbest move possible.]]> Mon, 23 Jun 2008 13:41:35 -0400
BofA had $15B current provisions plus $13B positive net equity in CFC plus potential $7B reserves this quarter for $35 Billion total.

All the while remaining profitable.

That will more than cover the balance needed to cover losses even in poor economic conditions the next few years.

With the housing bill they will only have about a quarter of those losses and will book write ups.

This is a negativity and oil bubble that is going to burst. BofA will help that happen after they book CFC as the lower the BofA price right now the lower they book for CFC for.

Shorting CFC at this level is about the dumbest move possible.]]> http://seekingalpha.com/article/82051-bofa-countrywide-can-ken-lewis-rescue-the-kobayashi-maru?source=feed#comment-189109 189109
Try some research....]]> Fri, 20 Jun 2008 10:48:36 -0400
Try some research....]]>