nextpillartofall

Slow Down Mr. Roubini

he was way too slow...it happened last night. deny it all you want...CitiGroup is Nationalized already! Live with it.

Eight Reasons Bank of America Is Going to $20

BoA common stock is going to $0.20cts! This entire discussion regarding banks & nationalization is completely stupid. The US banks that have been "forced" or voluntarily(out of desperation) took money from the US Treasury have been NATIONALIZED...deal with it. That money either needs to be paid back, haha, or it will turn into an ownership stake, equity. When that happens...which appears to be more & more likely, the existing common stock shareholders & some preferred shareholders & some subordinated debt holders & any other investors with less than the senior secured debt...will lose some or all of their claim to the company & be removed from the capital structure...thats just how it works. As for the common stocks of these bank holding companies, they have already been diluted mightily and to the extent that some banks have taken new capital, deny it all you want, these entities have been diluted & shareholders have lost some or in many cases all their equity. Some preferreds & some subordinated debt has also suffered. BoA will never trade $20 again...EVER. That is completely ridiculous & the business & financial metrics that would be required for that are not even possible. BoA will continue to be a "great" bank/financial institution, you dont need to run & take your money out of your bank accounts there (governemnt will protect that), but it will be owned by the US government...like it or not.