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  • Fair Value of Bank of America: A Flaw in Paulson's Calculation? [View article]
    You back up the truck and good luck to you and the power house. How did the power house get into a mess in the first place?


    On Nov 25 02:07 PM Only the Facts wrote:

    > Hello? BACK UP THE TRUCK!! Has anyone been paying attention to this
    > power house???? Bank of America should be able to repay TARP immediately:
    > In the second quarter, it more than met the stress test mandates
    > by raising $40 billion, which was $6 billion more than the government
    > required. Also, in recent months, it issued $10 billion in debt without
    > government backing, and it has stopped borrowing from two Federal
    > Reserve programs. The bank has been raising its liquidity significantly,
    > which should help it repay TARP when the government gives the go-ahead.
    > At the end of September, Bank of America held $152 billion in cash
    > and cash equivalents, compared to just $39 billion in the same period
    > the year before.
    >
    > Sanford C. Bernstein & Co., estimates that without the TARP money,
    > Bank of America's Tier 1 ratio - a key measure of capital levels
    > - would be 8.9 percent. That is well above the 6 percent needed to
    > be considered well-capitalized, and it's also in line with the ex-TARP
    > ratios of banks that have been allowed to repay TARP, such as JPMorgan
    > Chase and U.S. Bancorp.
    Nov 26 11:17 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Thoreau, I gave you a plus,wish i could give you a bigger plus. Of all the finacial factors involved in investment decisions, I think trust is the most important. Our inability to find folks we can trust has as much to do with current market conditions as anything. Regards,
    Jan 27 12:16 pm |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    yep They are never short of cash, they own the presses, and everything else if they want to.


    On Jan 27 09:03 AM DJBradach wrote:

    > I am always amazed that one of the largest employers in the USA never
    > seems to have lay-offs. So, is the Federal government immune to lay-offs?
    Jan 27 09:30 am |Rating: +1 0 |Link to Comment
  • Let Warren Buffett Handle Your Portfolio [View article]
    Why pay a mutual fund to a fee when you can buy (brk-b)? As I recall Warren dosen't think value and growth are different things. Folks who pigeon hole investments often cause more confusion than not.
    Dec 19 11:21 am |Rating: 0 0 |Link to Comment
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