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  • BofA reportedly settles mortgage claims for $17B [View news story]
    vireoman: And I am perpetually mystified by those who seem to think it is appropriate to punish the secretary whose 401k has a mutual fund invested in BAC. Was she the one with the most egregious kind of malfeasance and immoral greed? Oh, but you say she benefitted. Did she? So maybe the value of her stock ran up 50% over her cost basis after a few years. Does that make her responsible for the financial ugliness? Her stock went to the pits and now may have a pittance of its former value. Isn't that enough? Should she suffer more? How about Ken Lewis and his hear/see/speak no evil BOD? Their losses are a pittance compared to hers. What about the traders? How many of them are in prison? The taxpayers made out like bandits for the whole bailout with the exception of GM. Why must shareholders bare the brunt of the punishment phase?
    Aug 21, 2014. 09:22 AM | Likes Like |Link to Comment
  • BofA reportedly settles mortgage claims for $17B [View news story]
    My plan is to wait and see how the stock does over the next week or so presuming the market itself doesn't have a lot of volatility. Once the benefits(?) of the settlement are fully in the stock price, I am finally going to unload the shares I've been holding in one form or another for over 20 years. I think there are many stocks out there with a better future.
    Aug 20, 2014. 03:05 PM | Likes Like |Link to Comment
  • BofA reportedly settles mortgage claims for $17B [View news story]
    The entire Justice Department authorized budget for the 2015 FY is $21 Billion. The Department has extorted much more than that this year from the banks with BAC paying the lion's shares. These are huge, mind boggling sums which would not be dreamed of in any other country. This is a sorry day for corporate America and the American people when the federal administrative branch aided and abetted by the judicial branch can extort these sums of money from publicly held companies. I wish Moynihan had some nerve and had hung on until a change in administrations. Makes me wonder if Lewis would have had more strength. Based on the way he caved to the feds regarding the purchase of ML, I presume not.
    Aug 20, 2014. 02:53 PM | 7 Likes Like |Link to Comment
  • Bank Of America: Aside From Litigation And Dividends, Strong Upside Opportunity [View article]
    Title sounds like the Mrs. Lincoln liking the play joke.
    Aug 14, 2014. 11:51 AM | 4 Likes Like |Link to Comment
  • NYT: BofA blinks in DOJ settlement talks [View news story]
    Can't we all 'stop hating' and 'just get along'? (:
    Jul 31, 2014. 03:36 PM | Likes Like |Link to Comment
  • Update: Bank Of America Is Teetering On U.S. Court Action [View article]
    Better get your checkbook limbered up, Haywood.
    Jul 31, 2014. 03:23 PM | Likes Like |Link to Comment
  • Update: Bank Of America Is Teetering On U.S. Court Action [View article]
    An interesting article with a wide range of interesting comments. I've been saying for a long while that these lawsuits are never ending. Everyone seems to think that as soon as BAC agrees to cough up $17 billion, >or<, it'll all be bau after that with the stock climbing steadily to the stratoshpere. Wrong! Because the suits are the bau. I do tend to see some silver lining in the $1.3 billion order in that anything less than what the extortionist government wants is a positive. I still believe BAC's best strategy was/is to drag everything out for as long as possible, appeal, agree to nothing. A change in administrations is really the only hope for some relief. But if Sen. Warren ever becomes Pres. Warren, the game is up.
    Jul 31, 2014. 09:25 AM | 3 Likes Like |Link to Comment
  • Bank Of America Profits Crash; Now It Needs To Settle With The USA Before It's Sued [View article]
    I see no compelling reason to settle at $16+ billion. File a lawsuit. So what? Settlements are made all of the time after suits are filed. Let them prove it in court. These things can be dragged on forever. Let's have a high profile proceeding where the country sees the greedy government wiping out the hard earned 401-K savings of starving widows. Get a different president, a different AG, a different political environment, the bottom line may be a lot less.
    Jul 16, 2014. 11:04 AM | 5 Likes Like |Link to Comment
  • Bank Of America: Damned If They Do And Damned If They Don't [View article]
    Wrong. I think you're right!
    Jul 10, 2014. 01:54 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Chasing Yield Is Actually Looking For Disaster [View article]
    So you would put one or two of those you showed, for example, in a dividend seeking portfolio which centered more around stocks such as COP, MO and T?
    Jun 19, 2014. 09:54 AM | 2 Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    Again, it's all relative. BAC was in the $4 range not too long ago. But not too long before that it was in the $50 range. If you loaded up at 4, well, good for you. If you loaded up at 50, Holder will punish you a little more.
    Jun 15, 2014. 05:32 PM | 1 Like Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    RS: Well, we finally seem to be on the same page. I've been long for decades and had pretty much given up for the foreseable future. Actually, this is NOT old news. The old news is the logjam with many commentators saying Moynihan was just being patient and there was little chance an actual lawsuit would be filed. The filing would be big news. Personally, to use a previously ill advised quote, "Bring it on"! This will leave BAC in the doldrums for quite awhile. However, there is always a chance (slim, maybe) that new politicians, new court rulings, and new administrations will put an end to looking at corporations as cash cows to sue and fine in order to finance 'progressive' governmental programs. Even the socialist French government was shocked at U. S. governmental thievery. I'm not sure but BAC in the long run would have been better to settle absolutely nothing. Go to court on everything and appeal appeal appeal. Let the bloodsucking governmental attorneys earn their money.
    Jun 15, 2014. 10:16 AM | 1 Like Like |Link to Comment
  • Bank Of America: About To Pull A Rabbit Out Of Its Hat? [View article]
    Will BAC pull a rabbit out of a hat? As Bullwinkle used to say: "Time to get a new hat."
    Jun 2, 2014. 01:23 PM | 1 Like Like |Link to Comment
  • Bank of America Corp's (BAC) CEO Brian Moynihan at Sanford C Bernstein Strategic Decisions Conference -Transcript [View article]
    Wow! Heaven help me. I had to take the time to slog through this twice. Once simply to read it and again to see if Mr. Moynihan actually said anything worthwhile. My initial impression was this transcript shows why BAC is not a well operated company and thus not a good investment for the short or mid term. Struggling around Mr. Moynihan's lack of fluency, I gathered some valuable information-especially as regards the core banking business. However, I finished the article discouraged and with little reason for optimism. If Mr. Moynihan can do no better putting his corporate plan in writing than he does overall in speaking, I can see why BAC continues to struggle.
    It is pretty obvious Mr. Moynihan is a very intelligent man. However, I can hardly believe a person who has reached his level can present himself as so scattered and incoherent. I would urge Mr. Moynihan to attend, e.g., the William F. Buckley pulic speaking school. There is one for executives which I am sure he would find well worth the time. Our lack of confidence in BAC is a key issue. Mr. Moynihan needs to gather the skills which allow his (presumed) competency and intellect to shine through. Please, Mr. Moynihan, take the course.
    May 29, 2014. 02:19 PM | 1 Like Like |Link to Comment
  • I Might Very Well Be Wrong About Bank Of America [View article]
    I've first owned BAC via Fleet via Bank Boston, so you can see how 'long' I've had this. To say I've been disappointed is a huge understatement. I've owned this 20 years and still not recouped, I don't think, with various splits and all. Added a little over the last 5 years and gotten rid of a bit more. Today, unloaded about a quarter of the remainder at 15.18. I hope BAC keeps its momentum, but I feel much better tonight being 25 % lighter.
    May 27, 2014. 04:43 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
29 Comments
54 Likes