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billmichael

billmichael
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  • Bank Of America Corp Receives Partial SEC Waiver [View article]
    I don't disagree with you at all. Shareholders have borne the expense as the stock tanked and shareholders have borne the expense (via fines and stunted valuation) as the stock has risen. Somehow, no one has ever been able to catch up to the bag-man. I wonder what kind of trophy U.S. Government officials awarded themselves for raking this bank over the coals despite that BAC cooperated with them in purchasing Countrywide Financial and let's also never forget that banks in general were pressured by the feds via congressional legislation signed into law by President Clinton to make loans to people who clearly couldn't afford to pay them back. I don't think Eric Holder should consider it a proud moment that his office got 17 billion dollars out of BAC when what it really means is that the feds were derelict and failed to do their jobs in the first place.
    Nov 26, 2014. 12:27 PM | Likes Like |Link to Comment
  • Bank Of America Corp Receives Partial SEC Waiver [View article]
    I've been following this article and its comments since it was published a few days ago and comment after comment has been deleted by SeekingAlpha for no other reason than to point out that "funfun" makes it his mission to bash Bank of America. Whoever "funfun" is he must have a special relationship with the SeekingAlpha publishers because they are protecting him. He can say anything he wants as often as he wants about Bank of America and they will do nothing to recognize the fact that he is obviously acting as a shill or a stooge. I can tell you that Bank of America has been very, VERY good to me in the previous three years having gone from five dollars to eighteen dollars. This article chronicles another of the important events in the long and arduous recovery of this global banking concern. This is how fortunes are made. Fortunes aren't made in the stock market by buying McDonald's at the peak of its valuation. Fortunes are made by investors who recognize value when they see it and have the wherewithal and the guts to risk money. I purchased shares of Bank of America when they were seven dollars apiece and now they are more than twice that amount. I have followed BAC closely, proceeded carefully with the purchase of additional shares as Bank of America has prevailed in each of the challenges forced upon it. Everyone wants a proven winner but a winner won't be found in the bargain basement. The financial reward enjoyed by making investments come when the investor picks companies that measure up and show promise. Bank of America is a good company, a global company, a necessary to the health and survival of sovereign nations type of company. It's not going anywhere. It is going to recover and grow. Even if Bank of America were severely punished by the U.S. Government and was forced to split up that would seed the growth of new companies making its investors that much richer. I have always known that Bank of America was going to recover and become profitable because it occupies a strategic position within the global economy. Whether one realizes it or not or if one even refuses to realize it, Bank of America is making money, paying off it debts, paying its fines, and re-emerging as a better company.
    Nov 23, 2014. 04:35 PM | 1 Like Like |Link to Comment
  • Update: After Moynihan's Commentary, We Still Like Bank Of America [View article]
    You think so...??? BAC has already hit $18.00 last March. This spring (2015) when the stock buyback begins it will probably exceed $18.00.
    Nov 18, 2014. 11:15 AM | Likes Like |Link to Comment
  • Update: After Moynihan's Commentary, We Still Like Bank Of America [View article]
    Dang...!!! I MISSED That...!!!
    Nov 18, 2014. 11:13 AM | 1 Like Like |Link to Comment
  • Update: After Moynihan's Commentary, We Still Like Bank Of America [View article]
    When one considers the "thanks" they got, hopefully Bank of America (NYSE:BAC) will never again try to help the U.S. government by purchasing a company like Countrywide Financial.
    Nov 17, 2014. 11:38 AM | 9 Likes Like |Link to Comment
  • Bank Of America: Fasten Your Seat Belt And Prepare For Takeoff [View article]
    "Too soft..."...??? I think that the highest fine for any company in history isn't enough for Commissioner Luis Aguilar as he just wants his cut.
    Nov 11, 2014. 12:52 PM | Likes Like |Link to Comment
  • Bank Of America: Selling Into Market Weakness Is Never A Good Idea [View article]
    I think BAC is over the hump.
    Oct 16, 2014. 09:44 PM | 6 Likes Like |Link to Comment
  • Bank Of America Is America's Least Favorite Bank [View article]
    This is just an ad for BOFI. Warren Buffet has already more than doubled his money. There's an old saying, "Politics is all local", and I believe so is banking.
    Oct 10, 2014. 09:57 PM | Likes Like |Link to Comment
  • Bank Of America Is America's Least Favorite Bank [View article]
    This just sounds like an ad for BOFI. Furthermore, Warren Buffet has already doubled his money, I doubt one could call him "wrong" for investing in BAC. Finally, like the old saying, "Politics is all local.", so is banking.
    Oct 10, 2014. 09:54 PM | 1 Like Like |Link to Comment
  • Brighter Future Ahead For Bank Of America, Stock Undervalued [View article]
    BAC was at 18.03 in March of this year.
    Sep 7, 2014. 03:10 AM | 1 Like Like |Link to Comment
  • Brighter Future Ahead For Bank Of America, Stock Undervalued [View article]
    Definately something to look forward to.
    Sep 6, 2014. 08:59 PM | 1 Like Like |Link to Comment
  • Bank Of America: Mortgage Mess Resolved, Now Up To $20? [View article]
    At this point, Bank of America is almost like "found money."
    Aug 22, 2014. 11:42 AM | 8 Likes Like |Link to Comment
  • Update: Bank Of America Is Teetering On U.S. Court Action [View article]
    Oh...!!!
    Doom and Gloom...!!!
    DOOM & GLOOM...!!!
    What are we gonna do...???
    BAC is priced right where it should be. It would be double where its at now if all of its troubles were behind it.
    Yes, I agree, right now, would be a really silly time to get into the market at all.
    Jul 31, 2014. 01:17 PM | Likes Like |Link to Comment
  • Bank Of America Stock Forecast Based On A Predictive Algorithm [View article]
    Well, so let's hear about BAC. Who do you think needs to go to jail? Name some names so an investigation can be started.
    Jul 30, 2014. 04:07 PM | Likes Like |Link to Comment
  • Bank Of America: One Last Blow Of Penalty Remaining [View article]
    Clearly the Justice Department wants to make a whipping boy out of BAC and to make an example of the bank(s) while ignoring the role of the federal government in forcing the banking industry ( via legislation passed by Congress and signed into law by then President Clinton ) to make loans to those who couldn't possibly afford to pay them back just to prime the economy and make the polical party in power "look good". There are just as many people in government and the ratings agencies who are culpable in the mortgage meltdown yet it is the goverment that has retrieved its halo from the bottom of the carnage and is polishing it to a brilliant shine so it can reflect the blame away from itself. In the end the ones that get hurt are the investors, the depositors, the prudent savers, and all the ones who actually obey the law.
    Jul 17, 2014. 05:39 PM | 15 Likes Like |Link to Comment
More on BAC by billmichael
COMMENTS STATS
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