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bbro

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  • 30 Reasons to Get Nervous About the U.S. Economy [View article]
    35. Boise State might actually make it to the BCS championship series.
    Oct 27 09:21 AM | Likes Like |Link to Comment
  • 30 Reasons to Get Nervous About the U.S. Economy [View article]
    and the list keeps getting bigger....

    seekingalpha.com/artic...

    seekingalpha.com/artic...

    Do I hear 50 reasons the world is coming to an end???
    Oct 27 08:46 AM | Likes Like |Link to Comment
  • On Branch Hill's MBIA Report [View article]
    Lots of studies....lots of different assumptions....delinqu... rates...
    repurchase claims,,,,actual repurchases...and lastly loss severity rate....it is a pipedream if this is all going to materialize in a couple of years.....courts don't move that fast....
    Oct 27 07:05 AM | 1 Like Like |Link to Comment
  • Structural Unemployment and Foreclosure Rates [View article]
    Excellent work....John...
    Oct 27 01:13 AM | 2 Likes Like |Link to Comment
  • A bank-by-bank breakdown of exposure to mortgage risk under different scenarios indeed shows Bank of America (BAC +1.7%) at the top of the list, with estimated putback losses of roughly $17B-$35B. While industry losses could total some $65B, Credit Suisse's Moshe Orenbuch says the financial system can weather this storm.  [View news story]
    CDS unfortunately don't have much predictive value...they tend to be coincident at best plus the product itself is insurance against default
    so it has an inherent bias....
    Oct 26 11:04 AM | Likes Like |Link to Comment
  • A bank-by-bank breakdown of exposure to mortgage risk under different scenarios indeed shows Bank of America (BAC +1.7%) at the top of the list, with estimated putback losses of roughly $17B-$35B. While industry losses could total some $65B, Credit Suisse's Moshe Orenbuch says the financial system can weather this storm.  [View news story]
    34 billion is very painful but not catastrophic.....45 billion a year in preprovsion earnings...
    126 billion In TIer 1 common capital....933 billion loan portfolio with
    a 43 billion loan loss reserve.....about 50 billion more in chargeoffs
    spread over 2 or so years to reach normalized eanings.....tangible
    book value currently 12.91....
    Oct 26 10:39 AM | 1 Like Like |Link to Comment
  • The Subprime Debacle, Act II Part II [View article]
    The main reason i do not like BAC is that it is no longer an economic
    proposition but is now a judicial proposition.....
    Oct 26 06:39 AM | Likes Like |Link to Comment
  • Why Citigroup and Bank of America Are Still Buys [View article]
    BAC has 126 billion in TIer 1 common and generates 45 billion a year
    in preprovision earnings.....has 933 billion loan portfolio that has
    about another 50 billion in chargeoffs spread over 2 and 1/2 years to reach a normalized level (
    provided we do not double dip) BUT...the putback exposure what is it??? They will have 5 billion in reserve by the end of the year but are
    the losses 10 billion or 70 billion??? There is the rub....and i am sure
    of one thing no one knows.....
    Oct 26 06:33 AM | 7 Likes Like |Link to Comment
  • Financial Disaster Set to Erupt Again [View article]
    Numbers please....
    Oct 26 06:13 AM | 3 Likes Like |Link to Comment
  • Housing Demand Won't Stay Down Forever [View article]
    The over 16 population grows by about 200,000 per month....

    2010 09 238322.
    2010 08 238099.
    2010 07 237890.
    2010 06 237690.
    2010 05 237499.
    2010 04 237329.
    2010 03 237159.
    2010 02 236998.
    2010 01 236832.
    2009 12 236924.
    2009 11 236743.
    2009 10 236550.
    2009 09 236322.
    Oct 26 05:14 AM | 1 Like Like |Link to Comment
  • The relentless selling in Bank of America (BAC -2.9%) reminds of Joe Weisenthal of pre-crisis days and suggests that "the market knows something or thinks something that nobody can voice about how bad this will get." Shares hit session lows after FDIC chair Sheila Bair says the foreclosure mess reveals "critical flaws" in the system that will require a "global solution."  [View news story]
    Track the BAC-H preferred stock for survival sentiment...the stock prices reflects earnings sentiment.....also look at the BAC 5.625 7/1/2020 bond....
    Oct 25 02:44 PM | Likes Like |Link to Comment
  • The Subprime Debacle, Act II Part II [View article]
    Continuation of alternative view...

    phx.corporate-ir.net/E...

    Page 23....

    Oct 25 07:05 AM | Likes Like |Link to Comment
  • The Subprime Debacle, Act II Part II [View article]
    For an alternative view....

    seekingalpha.com/artic...
    Oct 25 07:03 AM | Likes Like |Link to Comment
  • 11 Reasons Why the Gold Bubble Will Burst [View article]
    Nice data ponts....but everything has its day...your decision has to be has
    Gold had its day or will see its day in the future??? Place your bets
    gentlemen....
    Oct 25 06:35 AM | 1 Like Like |Link to Comment
  • 11 Reasons Why the Gold Bubble Will Burst [View article]
    When you buy something today how will you pay for it???
    Oct 25 06:31 AM | 10 Likes Like |Link to Comment
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