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RALPHSCHAUSS

RALPHSCHAUSS
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  • Mayo: BofA too big to succeed [View news story]
    MM hates BofA since time began,
    and this break up vote initiatives for more bureaucracy committes and so on which I voted against today just belong to the Elizabeth Warren camp, are one-eyed kings in the realm of the blind and, finally, just inflate admin and legal costs of which we already have tons in the US, all of which will be paid for by the sharoholders in the final analysis not the instigators of such actions
    and there are more complex banking companies than BofA like JPM and Citi (=60 countries or more)
    Mar 27, 2015. 01:10 PM | 6 Likes Like |Link to Comment
  • Bank Of America: Why The Stock Just Got Hammered [View article]
    A totally hare-brained idea ! It will do nothing for the company other than to depress its share price. It is just like the only five people in the Senate who have some basic understanding of Financial Markets according to the FT of LOndon who produce walls of paper for the bureaucracy to thrive all paid for by small shareholders. These guys remind me of " the blind talking about colour " as we say in Germany. These guys just want to inflate their already inflated egos and I thought the US was the most efficient economy in the world but not by these standards of poor financial intelligence.Just Populism of Wash DC.
    Frankfurt Germany
    Mar 21, 2015. 06:59 PM | 1 Like Like |Link to Comment
  • Bank Of America: A Final Pre-Stress Test Credit Risk Analysis [View article]
    Many thanks, but I think it's useless to continue the discussion. We are just going in circles. Even if BofA trades in that last quartile or whatever last third or 40 %
    I think it's wrong and has to do with the still lasting overly negative perception of BofA since 2008. BofA is a pure play on the USA the best economy in this world of today with the best business franchise except for Wells Fargo. You cannot compare BofA to a triple A rated bank if there still is such a thing in " boothill". I do not have BofA debt but I ' d rather buy it than let's say Citi e.g. The point is not just looking at the past but rather where some debt risk will go in the future. BofA will only become more " Normal " when the company returns to steady profits with a 3 % dividend yield with NO quartely surprises and tons of " exceptional charges ".
    Congrats again for the lively discussion you started.
    Jan 26, 2015. 05:04 AM | Likes Like |Link to Comment
  • Bank Of America: A Final Pre-Stress Test Credit Risk Analysis [View article]
    a lot of stuff to digest, in any case BofA will be the last to default , just before WFG,
    but after a lot of others !
    congrats for doing all this work but of academic value ( ivory tower stuff ) as I tried to indicate at the start ( 1st comment)
    if was worried about BofA not paying its debt on time there will be 98/ 100 others
    largest bank in the world and USA not paying up, best luck with BofA debt !
    Frankfurt Germany
    Jan 25, 2015. 09:39 AM | 1 Like Like |Link to Comment
  • Bank Of America: A Final Pre-Stress Test Credit Risk Analysis [View article]
    A lot of work has gone into this analysis - congratulations for the careful and detailed
    work ! However, I believe this is mostly academic. BofA is mostly ( over 98 %) a play on the US economy. Rather I believe the Bank#s debt is traded, just like the shares,
    see yesterday's excessive fall, as a proxy on markets as the most liquid instruments.
    And they are cheap at 16 bucks or less. It is an error to price BofA on higher default risk assuming exposure to Greece ,, Ukraine, shale oil risk in the US. So, in essence,
    BofA is handed an overly negative risk assessment because of its disastrous track with Ken Lewis in 2008- 2009, Country Wide , massive litigation, 14 regulators and DAs houndind BAC foremost the DoJ And DC in their populist drive to squeeze billions of Dollars from large US banks. Massive overregulation = Alan Greenspan " it will take years JUST to read Dodd/ Frank " and then the latest Obama populist initiative to slap a tax on large banks , but why not Silicon valley ??
    Jan 24, 2015. 05:56 AM | 5 Likes Like |Link to Comment
  • BofA boosted by upgrade [View news story]
    The OBAMA Admin and the " President CEO " are a big disappointment !! For sure , a decent person but a big underperformer.The first warning was him accepting the NOBEL prize while not having achieved anything - totally undeserved.But then the Oslo Peace Prize commmittee is also living in an Alice of Wonderland World, anyway. The Cairo speech, another big let- down. The cnacer in the Mid East has mestasized. Only one big winner is IRAN with Irak exploding into ethnic and religious parts.

    Then we got the DOJ, a rapacious organization with ever growing multi billion $ lawsuits. Where do they take the nubers from ? , why not 50 billion or why not 7 billion ? These fines are not paid by multi million $ paid Execs but the small guy, mall shareholders, pensioners, IRA savings and the small/middle bank employee at BofA., ie the small shareholder who gets no refund from the DoJ. Let's face it BofA saved the US treasury billions at the entire expense of the small shareholder of DEc 2007 /2008 with the disastrous buy of C-WIDE and ML which were worth nothing. The share price dived from $56 to less than 4 bucks. I happen to be one. Peanut dividends since Jan 2009. And the DoJ and the DC Govmt how are they going to waste the billion $ receipts of fines. For sure, it will not go , not one dime, to the smallguy who pays with a falling share price and measly dividends for years while the entire Govmt / public sector , regulators were asleep at the wheel for the crisis. Did anyone at the SEC ever raise a question - " how come we have more than 9,000 triple A rated MBS, COD etc ??
    And then the Execs like Dick Fuld, Mozillo, Stan O'Neil alk home each with more than $ 300 MM to their ranch in Califofrnia that really gets the anger of people.
    An absolute disgrace this story from DC.
    Jul 2, 2014. 10:48 AM | 1 Like Like |Link to Comment
  • Total sticks with Russian investment strategy, hoping Ukraine tensions fade [View news story]
    TOTAL SA is very well managed ! It rides out specious political obstacles with a long term view. It was far better to stay in communication with Myanmar than to burn the boats on the shore.The company does not kowtow to politicians whose brain horizon is defined by having lived in their home village for the last 50 years.

    As the former US security adviser to President Georg H.W. Bush confirmed in a recent FT article quote:" playing on sanctions with an aggresive Russia is a fool's errand " unquote. The Ukraine is politically and economically in distress. So you need to find an arrangement with Russia like the Viena/Austria situation after WW II. And the " West ", = the "old west", acts without the concert ofChina India Brazil RSA Indonesia etc, has badly managed Russia's concerns about encirclement.
    May 15, 2014. 10:06 AM | 1 Like Like |Link to Comment
  • Mayo gives thumbs down on BofA annual meeting [View news story]
    Mike Mayo has been a Perma Bear on BofA since time began.. Why does he bother at all to attend conference calls for BAC. Another question is why does he work for CLSA ?, the French banking company is an offspring of the bankrupt Paris based Credit Lyonnais.
    France is hardly a paragon for entrepreunership, rather, much more a model for state bureaucracy and all that is wrong with it. I would respect much more MM's opinion if he worked for Goldman.
    May 9, 2014. 05:25 AM | Likes Like |Link to Comment
  • Fed special unit to give extra scrutiny to 15 firms [View news story]
    Just another wall of bureaucracy. We had all the laws and rules in place before 2007/2008. This is just another deal for the galleries.
    All regulators - FED ,SEC, OCC, CFTC ,DOJ, Alan GR, FDIC, State Insurance Supervision, NY State Fin Dept., failed to act or were asleep at the switch pre-crisis.
    Who objected to Co2 sqared paper ? None is the answer. And the list of failings is a long one. More walls of papers and armies of inspectors will not change the game for better outcomes.
    May 2, 2014. 10:13 AM | 3 Likes Like |Link to Comment
  • Black eye: BofA suspends buyback, dividend hike [View news story]
    This is completely unacceptable ! The CFO and his top staff need to take a rigorous referesher course in Basic Business Finance and arithmetic, hand back all their bonuses for last year !
    This is really poor performance, only marginally better than Citi's snafu with the Fed in April.
    When will we ever see BAC finacially performing like a normal company ??

    Of course,
    the DoJ with their financial greed does not help at all !
    Apr 28, 2014. 09:45 AM | 8 Likes Like |Link to Comment
  • BofA slips amid leak of massive global mortgage settlement [View news story]
    Angela Mozillo( $ 400 MM), Stan O'Neil( over $ 200MM ), Richard Fuld of Lehman ( over $ 300MM), - all numbers were reported in the WSJ, FT etc,- and other real culprits are sittiing on their golden Haciendas with hundredrs of millions $, Rolls Royce cars ( AM, white color) and
    were never dealt the justice the deserve and BofA under Ken Lewis was even so stupid to agree to pay all his legal expenses over USD 5 Million in the case of legal proceedings

    why did Mario Cuomo, Eric Schneidermann and fellow Da's, who all for sure are not shy people, never go after them - something big does not work in US justice
    Apr 26, 2014. 09:23 AM | 1 Like Like |Link to Comment
  • BofA slips amid leak of massive global mortgage settlement [View news story]
    36 years in executive positios in international banking
    Apr 25, 2014. 10:29 AM | 3 Likes Like |Link to Comment
  • BofA slips amid leak of massive global mortgage settlement [View news story]
    The Gomvt of Mr Obama thru its DOJ is absolutely rapacious

    Had BofA not bought ML and C .-Wide, these bankrupt companies would have gone straight to the TReasury in DC and ultimately the tax payer NOT to the shareholders of BAC

    and the DoJ claims, will be paid for , as always, by small shareholders, pensioners, savers and the employees of BofA

    and the billions paid to DC by BofA shareholders will be wasted in the public trough

    an absolute disgrace !! - Frankfurt, Germany
    Apr 25, 2014. 10:28 AM | 6 Likes Like |Link to Comment
  • Investors sue a dozen banks for currency manipulation [View news story]
    sheer lunacy - but no surprise in the US context of totally excessive litigation

    You just sue and always you will harvest some money - that's the way it works !

    Just think about something as crazy as this suit - how do you manipulate FX rates
    in the most liquid product market in the world with daily turnover of USD $ over 4 Trillion -
    Apr 1, 2014. 09:31 AM | 3 Likes Like |Link to Comment
  • BofA $8.5B mortgage settlement back in court [View news story]
    A total disgrace of the legal system in NY and generally in the USA. Litigation is a prime activity lots of parties . A huge waste inflicted on the productive US economy. I agree with a comment above, it's better not to do business in NYC and move all your operations outside NY state. I have never seen so much ecomic waste inflicted by a legal system as there.
    Feb 20, 2014. 10:06 AM | Likes Like |Link to Comment
COMMENTS STATS
63 Comments
106 Likes