brotherrandor

Who Benefits from BofA's Preferred Exchange?

Any idea what will happen to the Series "D" (BAC-PD on Yahoo)?

Shareholder-Friendly Rules from the SEC Will Challenge Many a Board

Maybe, just maybe, we can hope the age of the 'pet rock' board is coming to a close and the system will be less gamed in favor of corporate insiders.

Why I'm Holding On to Citigroup Stock

I am hugely long on Citi and I sleep well... most of the time. I feel relatively safe and cosy being in bed with Uncle Sam. I am hopeful that the fat gains derived from the present crazy yield spread will eventually outweigh Citi's foolish meltdown losses and normal course recession loan losses. Idiotic accountants will soon no longer be able to impose market-to-market valuations when there is no market. And, most of all, I believe that share prices always overshoot; in this case the herd of wildebeests has stampeded way down into the desert and is about to return to the verdant $10 hillside.

Encroaching Equitization of Citi's Capital Structure

The handsome and erudite Mr.Durden's argument for a potential short stampede on Citi common is compelling and also deeply disturbing for me, a lot of pension funds and hundreds of thousands of mom-and-pop savers who are long on the stock. Ergo, Citi's largest shareholder--who happens to write the rules--should immediately disallow short selling of C and perhaps other large cap banks.