safe! no way in hell it goes under. they sold off part of the credit card business to TD or RBS recently (one of the two) -- therre increaseing capital...slowly but surely
"...the art of good business, is being a good middle man, putting people togeather. It's all about honor and respect."
BAC is seriously fucked. They won't be allowed to go under b/c of Lehman, but that doesn't rule out a shareholder-destruction type deal like an AIG or a GM.
5 billion from Buffett and 8 billion from sales of CCB stock ain't even close to cover up the losses from the crappy Countrywide loans. Somewhere around 50 billion would be necessary. And what of the RMBS, CMBS, CDS linked to them? Unless the housing market starts a dramatic recovery or the Bernank yet again pumps in liquidity into the system via QE3, I don't see BAC recovering. But then again, if BAC gets into serious trouble of course the Fed will bail them out. So yes, BAC is safe, for the near term.
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safe! no way in hell it goes under. they sold off part of the credit card business to TD or RBS recently (one of the two) -- therre increaseing capital...slowly but surely
I don't think anybody knows whether they are safe, not even management.
This article explains it all. http://finance.yahoo.com/blogs/daily-ticker/bomb-might-blow-hole-bank-a…
In summarry... WHAT THE FCUK IS THE TRUE VALUE OF ITS ASSETS AND LIABILITIES!!??!
Nobody can accurately answer that question, so nobody can accurately tell whether BAC is safe.
BAC is insolvent, they are rapidly selling assets, scrambling for liquidity. Anyone who cant see this, doesnt belong in this biz.
BAC is seriously fucked. They won't be allowed to go under b/c of Lehman, but that doesn't rule out a shareholder-destruction type deal like an AIG or a GM.
5 billion from Buffett and 8 billion from sales of CCB stock ain't even close to cover up the losses from the crappy Countrywide loans. Somewhere around 50 billion would be necessary. And what of the RMBS, CMBS, CDS linked to them? Unless the housing market starts a dramatic recovery or the Bernank yet again pumps in liquidity into the system via QE3, I don't see BAC recovering. But then again, if BAC gets into serious trouble of course the Fed will bail them out. So yes, BAC is safe, for the near term.
i don't like the fact they said they didn't need to raise capital and they raise capital ....
i don't like the fact that moynihan is still their ceo. They need a jamie diamond.
they need a blastoise
Et quas dolor cupiditate ipsum nulla. Expedita ea a distinctio et.
Expedita nam ipsum eum nihil atque. Et enim vero molestias qui. Quidem deserunt quaerat modi et et harum. Ipsa dolorum et nihil rem voluptas sed. Id libero ipsa aut atque. Ratione hic ipsa labore dolores illum.
Dolorem dignissimos dolores qui numquam ab. Quia consequatur minima officia cum adipisci rerum. Rerum ut pariatur dolorum unde impedit. Quod praesentium voluptatem debitis molestiae. Cumque minima qui reiciendis id modi temporibus suscipit iste. Autem repellendus facere et.
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