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Bank of America Needs More of Your Tax Dollars

What happens if BAC shareholders vetoes the merger with BAC? MER is as sick as C and will need life support.
Dec 01 20:14 pm |Rating: 0 0 |Link to Comment |View article
What Are Some of the Best Hedge Fund Managers Doing?

I like Simon's portfolio the best. He knows all the mathematical skills in the world cannot predict future stock prices for marginal companies. Solid companies with deep markets and pricing power are more amenable to statistical analysis
Nov 20 18:16 pm |Rating: 0 0 |Link to Comment |View article
Deploying Paulson’s Capital: The Strong and Weak of It

As a shareholder I know BBT very well. I hope the government does not stink up BBT with some plan to have them inject their excess capital into their sacred New York banks. Bloomberg is already reporting big chunks of federal money lent to AIG has been transferred to GS, MS and New York Banks.
Oct 17 22:21 pm |Rating: 0 0 |Link to Comment |View article
BofA Offers World’s Worst Borrowers Astonishing Concessions

The long article above boils down to this simple statement. "Load up BA's balance sheet with more liabilities so they can then be transferred to the taxpayers.
Oct 10 11:50 am |Rating: 0 0 |Link to Comment |View article
BofA Shares Plunge on Earnings Shortfall

Maybe BAC needs capital to meet its LEH CDS obligations which will be due shortly. It this is a big tab, BAC like all the others taking the hit will be staggered.
Oct 08 11:59 am |Rating: 0 0 |Link to Comment |View article
BoA Cuts Off Countrywide ARMs to Save Body of Mortgages

In normal times foreclosure keeps discipline in the mortgage market. These are not normal times so new procedures are required. I expect eventually many people will be kept in their houses with minimum and or token payments to keep the home from crumbling to debris. A hole in the roof and a basement turned into a cesspool will destroy value faster then taking a lower return on your investment.
Oct 07 11:00 am |Rating: 0 0 |Link to Comment |View article
Subprime: Not All Bad News About Smaller Banks [Housing Tracker]

Also BBT is a good bank!
Oct 02 13:55 pm |Rating: 0 0 |Link to Comment |View article
Raw Data Report: Wachovia, Bank of America, US Bancorp

With all the doom and gloom its good to see that loans are being made at all.
Sep 24 22:48 pm |Rating: 0 0 |Link to Comment |View article
The Financials, the Automakers, and the Call That Cramer and All of CNBC Got Wrong

My experience shows Detroit does make reliable cars. My 1995 Chevy Lumina ran 110,000 miles without anything other than routine repairs. Now driving my wife's castoff 1999 Dodge Intrepid. Smooth, quiet as a whisper and gets 27 miles per gallon. With 115,000 miles it has need a EGR valve, $300, and a transmission speed sensor, $160. Its engine has been serviced with Mobil 1 oil, and all other owner manual recommendations have been followed including belts and cooling system hoses, critical items for an all aluminum engine.
Sep 19 00:47 am |Rating: 0 0 |Link to Comment |View article
Financial Landscape: Writedowns, Losses and Capital Raised

Two fin companies not on your list, BBT and BRK. Smart investors soar with the eagles and avoid being the road kill. Sounds like HSBC will soon be spotted on the highway.
Sep 17 06:51 am |Rating: 0 0 |Link to Comment |View article
What's the BofA / Merrill Synergy?

Jeff, it is an all stock deal and you are right on the money. With CFC and MER's toxic waste there is no room for good assets on BAC's balance sheet. Thain is an engineer and thinks carefully and logically. Lewis is a banker and is in over his head. He came to a gun fight with armed with a knife.
Sep 15 01:09 am |Rating: 0 0 |Link to Comment |View article
BAC's Ken Lewis Mulls Another Deal as Lehman Reaches Brink

All BAC is trying to do is become really "too big to fail". Obviously Lewis does not know the difference between value and price. This bank is bankrupt, just look how they are treating their credit card accounts using every device to extract capital from card holders, laying off thousands of employees etc. A healthy bank like BBT needs not resort to these stringent capital conservation actions.
Sep 12 13:21 pm |Rating: 0 0 |Link to Comment |View article
National City: Paying Customers To Close Credit Lines Smacks of Desperation

These are strange times. I think you will be seeing lenders letting borrowers become "house sitters" and may even pay them to stay in the lender's house. A vacant house deteriorates rapidly and with no ready market, it makes sense to keep it occupied. A few foreclosures can be handled, but a tidal wave requires new thinking.
Sep 04 22:54 pm |Rating: 0 0 |Link to Comment |View article
More Problems for the Ailing Financial Sector?

All what you say is true, but somehow the invisible hand of the stockmarket says "not so fast" and refuses to enter a new downwave. It has been a lousy forecasting mechanism. Example, when it hit a new high last October
- what in the world did investors see then? What they saw was wrong, maybe they are wrong agin. Looks like it.
Aug 12 10:46 am |Rating: 0 0 |Link to Comment |View article
What Pushed the SEC to Tighten the Rules - Now?

Crazylegs is corret in his post on short selling. For glassbox only shares in margin accounts can be lent out for investment purposes. If you want to keep the shares in your account, do not open a margin account.
Jul 17 14:00 pm |Rating: 0 0 |Link to Comment |View article

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Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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