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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
  • Cramer's Stop Trading! Credit Cards Need Late Fees (4/24/09) [View article]
    Crammer needs a late fee always pushing something after it goes up and before it crashes.
    Apr 24 11:43 am |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Thanks for the link. Our currency is the reserve currency because since the days of Alexander Hamilton people around the world felt they could trust us and depend on the rule of law in this country to protect them. Now they can't trust our honesty, leagal system, or judgement. if we don't start jailing folks under sarbox and other laws we will never get that trust back. At this point we don't trust ourselves.


    On Jan 30 07:53 AM Jim Hawthorne wrote:

    > Thanks, Rachael!
    >
    > There was an article in yesterdays WSJ concerning China/US relations
    > and future trends that might also be of interest to your readers.
    >
    > It appears that our largest creditor is becoming somewhat testy,
    > and the increase in friction adds some weight to the fear side of
    > the 'greed/fear' equation.
    > Worth a read...
    > online.wsj.com/article...
    Jan 30 09:27 am |Rating: +6 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Don't forget the part the gov't played in this debacle,starting with Jimmy Carter and moving on down the line until the present day. As long as we keep electing stupid people and letting the mainstream news use us all as dupes we will continue to pay the price. Not to mention that the public at large should have known better.
    Jan 20 16:47 pm |Rating: +1 -1 |Link to Comment
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