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Charles100

Charles100
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  • BofA reportedly cutting trading and investment banking jobs [View news story]
    Automation eventually will lead to lower cost for consumers. With the unemployment rate dropping, this could be a smart move.
    Mar 19 01:06 PM | 1 Like Like |Link to Comment
  • BofA $8.5B mortgage settlement back in court [View news story]
    Really, its time to move on. Long and overly generous settlements/law suites are ruining business. Its time to stop it.
    Feb 19 02:38 PM | 1 Like Like |Link to Comment
  • DOJ plans more MBS fraud cases in New Year [View news story]
    Although I would be among those to admit that banking deregulation went too far, its time to end this infinite litigation which serves no other purpose other than to support law firms.

    I recall, that:
    - most mortgage packages/securities were bought and sold by professionals, who were in a position to judge their worth (but not all did),
    - that the steeply falling economy lead to their drop in value, something that was not predicted, but is an inherent risk in any investment,
    - that many of these bundled loans have regained in value as the economy improves.
    Dec 5 08:52 AM | 1 Like Like |Link to Comment
  • Bank Of America: Buy The Dip Now, It Will Not Last [View article]
    The bank is solid and well managed.
    Much of its unfortunate legacy is behind it.
    There is no reason it should not trade a similar ratios to its peers.
    Apr 18 08:57 AM | 2 Likes Like |Link to Comment
  • "We're now at the point where it's about boots on the ground rather than the latest lawsuit," says SNL's Nancy Bush as Bank of America (BAC) CEO Moynihan summons 100 of his regional chiefs to a private meeting where they'll be egged on to move more product. The bank, she says, is notable for being "lousy" at cross-selling. [View news story]
    Cross selling of banking services through BAC various activities is not going to be easy, especially with the growth of internet banking. With interent, everybody's selling everything.
    Apr 3 08:12 AM | Likes Like |Link to Comment
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