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RALPHSCHAUSS

RALPHSCHAUSS
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  • Bank Of America: On The Way To New 52-Week Highs After Robust Earnings? [View article]
    Great stuff by BAC, though , not for Don Dion and Mike Mayo, the two Perma bears on BAC
    Jul 15, 2015. 02:43 PM | 4 Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    McColl with his incredible EGO did not care for sure,

    Read the first notes - yes I do remember Mack Terry - joined in 1975 BAC.

    But then also to remember the interest mismatch of the Bank in 1983 by Lee Prussia.
    Apr 29, 2015. 04:04 PM | Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    you#re right - the SFO part which I came from was destroyed - "cleansing as we called it in London.
    Apr 29, 2015. 12:45 PM | Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    Donald ,

    many thanks for your comments and patience with me !
    I just have the opposite opinion as to Deutsche's alleged better credit worthiness than BofA
    and we both shared time at BofA as I worked in Corporate and Investment Banking there for 27years , mostly in London and Spain
    so I might be emotionally biased in favour of BofA but when I was young my first choice as a German banking trainee was to become an SVP with Deutsche if possible
    but things worked out differently and I suffered dearly as an investor in BofA shares in December of 2008 due to the disastrous Ken Lewis acqusitions and his M& A sidekick - can#t remember his name, Ken ??? - Hugh McColl was raving about him = the greatest investment banker of all times

    as to the lack of analysis or the lack of a statiscal sample for the US Mort-Bonds that is set out in various good books - agree with you but there you go with top US rating agencies S&P and Moodys
    Apr 29, 2015. 10:34 AM | Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    the final question is :

    whAT POINT ARE WE ATTEMPTING TO MAKE

    ??

    DB is a better risk bet than BofA over ten years ?? I beg to disagree and
    what money can we make out of this ??
    Apr 28, 2015. 07:04 PM | Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    just look at the more than 9,000 MBS securities which were all classified as triple AAA in th US _ I would not have bought any of this Trash ! as you did not not know what you are buying
    Apr 28, 2015. 07:01 PM | Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    if you just believe in statiscal models to justify investments you will lose money !
    Apr 28, 2015. 06:58 PM | Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    and I repeat my firm believe that the German Government will not bail out DB
    , so your bond bets on DB will be on a stand alone basis
    Apr 28, 2015. 06:56 PM | Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    First Thank you !
    These are not concerns of mine If you wish to invest your money in ten year DB bonds , that 's fine . Your decision. I just think it#s wrong in terms of credit quality.
    Further as updated information you may consider reading today#s FT / LOndon (much better than the WSJ since Rupert since he bough it )
    1) on DB " jam tomorrow" and
    2) "clouds over Europen banks", page 14, most of these clouds are over Deutsche
    so what is really the issue:
    I am not sure:
    1) is this another attempt of BofA bashing, which is so popular in the US, as a lot of people seem to get a kick out of this, not to be more articulate like ..or...............
    2) these default tables are based on the past and we know in the case of LTCapital
    what the outcome was despite three Nobel prize winners
    3) a practical question, what money can we make out of arbitraging ten years bonds of DB vs BofA ?
    4) in a court hearing this morning in Munich there were lined up DB CEO managers of the last ten years over some fraud libel suit with the Kirch family - the cost for DB is at $ 1 BBillion so far -it was not pretty !!! I can assure you !


    so what is the bottom line between BofA and DB ? I am not sure,
    except for that I would rather bet ten year money on BofA rather than DB

    and both of them are not attractive at all as a ten year bet in terms of yield
    Apr 28, 2015. 06:51 PM | 1 Like Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    apologize for the typos which I tried to correct but you will understand anyway
    Apr 28, 2015. 11:11 AM | Likes Like |Link to Comment
  • Bank Of America Corporation Vs. Deutsche Bank AG: Some Bond Market Insights [View article]
    Certainly a lot of work has gone in to this excellent work. However, I beg to disagree
    and I am firmly of the opinion that BofA is the better risk over ten years than DB
    whatever the default tarding tables may show. Ilive close to Frankfurt and intimately know well both DB and BofA. BofA is a safer risk based on couple of factors:
    1) it is based in the USA and is a play on the US economy- just imagine Putin sending the Red Army west or more mischief in the Ukraine
    2) the USA is the strongest economy in the world while a lot of thinsg with Germany are going the wrong way like an ever growong welfare state with the highest wages in the world, an ageing population, being close to Russia in geography
    2)BofA has a much better business frnachise than DB
    3) DB is in a state or turmoil trying to define its strategy and direction- just read the German finance business headlines on DB for the last two weeks
    4)the German government for sure will not bail out DB - there is an incredible animosity in the German public at large hating all big bankssince 2008

    I know we had this discussion before but I will never base my investment decision on some fancy trading default tables - otherwise wish you good luck !
    Apr 28, 2015. 11:09 AM | 1 Like 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
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