A Posse Ad Esse:
Don't be a douche. Let's not make this the new UBS of the WSO forums.

It is kinda funny how the "lower tier BB's" get so much shit around here and 95% on this forum would give their left and right nut to work for either

I didn't say it was your fault, I said I was blaming you.
 
SHORTmyCDO:
go4it:
You guys looking for new positions already? I would be

...and where do you work?

I have a good job thank you very much. I am worried about B of A's health as a company and wanted to see if analysts are already looking for new jobs.

 
go4it:
SHORTmyCDO:
go4it:
You guys looking for new positions already? I would be

...and where do you work?

I have a good job thank you very much. I am worried about B of A's health as a company and wanted to see if analysts are already looking for new jobs.

Worry about yourself or at least be less of a douchebag when you're "worrying" about others.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 
go4it:
B of A is in serious trouble as a company.... I just hope the US ofA doesnt bail them out. Calling it now: B of A is gone by January 1, 2012.

Stop talking.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 
go4it:
B of A is in serious trouble as a company.... I just hope the US ofA doesnt bail them out. Calling it now: B of A is gone by January 1, 2012.

did you check how much cash they have on books before you even wrote this?

 
Ricqles:
go4it:
B of A is in serious trouble as a company.... I just hope the US ofA doesnt bail them out. Calling it now: B of A is gone by January 1, 2012.

did you check how much cash they have on books before you even wrote this?

Yes....Do i trust their numbers... NO. ..... They are completely over exposed in a ton of areas and Moynihan is a horrible leader. Their done by 1/1/2012.... Heck, their cds's are now almost at 400, they are liquidating assets like crazy, and they got killed in their commercial real estate portfolio. Stop being sheep people and dig deep.... Some money to be made off of this as well... I am sure everyone said they were perfectly healthy at $30...$25...$15...$10..$8..$7...and now soon to be under $6....

 
go4it:
B of A is in serious trouble as a company.... I just hope the US ofA doesnt bail them out. Calling it now: B of A is gone by January 1, 2012.
This is not SocGen we're talking about here ...
I am permanently behind on PMs, it's not personal.
 
brooksbrotha:
BoA has a ton of capital on its books. Its going no where. You talk like it's a European bank...

They had so much capital on their books that they just needed a 5b bailout for WB... A band-aid on a gaping gash.

 
wallstdj:
B of A isn't going down. It is the biggest commercial bank in the world and there is no chance that the US government is going to let it fail if it ever came to that.

Disagree.

 
wallstdj:
B of A isn't going down. It is the biggest commercial bank in the world and there is no chance that the US government is going to let it fail if it ever came to that.

Lol what? were you born in 2010? Do you remember 2008? Everyone said the same shit about Lehman, Bear, etc.

In fact I've looked at posts prior to March 2008 and everyone here on WSO was saying "LOL don't be stupid Lehman and Bear Stearns going bankrupt? LOL idiot that's impossible" And here we are today...

I'm not saying they're going down but I am pointing out that people said the same shit in '08.

I didn't say it was your fault, I said I was blaming you.
 
tlynch5:
wallstdj:
B of A isn't going down. It is the biggest commercial bank in the world and there is no chance that the US government is going to let it fail if it ever came to that.

Lol what? were you born in 2010? Do you remember 2008? Everyone said the same shit about Lehman, Bear, etc.

In fact I've looked at posts prior to March 2008 and everyone here on WSO was saying "LOL don't be stupid Lehman and Bear Stearns going bankrupt? LOL idiot that's impossible" And here we are today...

I'm not saying they're going down but I am pointing out that people said the same shit in '08.

Yes, and look how well THAT turned out :) It would have cost what, maybe $50 billion to bail out Lehmans? Even if we call it $100 or even $200, that's still a lot less than the bailouts after that cost! The US government will not let another massive bank fail. A small one sure, BofA no.

i dont really foresee any chance that boa will fail. It's one of the biggest (if no the biggest one) commercial banks in the US. Lehman and bear were technically classified as investment banks with no deposits, so this makes them super vulnerable when clients stops doing any kind of business with you. That being said..that doesn't mean you should rush in to buy their stocks now.

 

I'll take the other side go4it. Jan 1 2012. You say they're "gone", I'll even let you define what "gone" is, within reason.

I say alive and trading.

$5,000 USD payable 1/2/2012.

You seem confident so this shouldn't be a problem. Admin can provide personal contact information for settlement.

You must be busy buying puts so I'll understand if your response is delayed. You're going to be a rich man!

 
BanditPandit:
Talk is cheap, put your money where your mouth's at.

You mean on his ass?

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

1.) Why the fuck do you care so much?

2.) I'm still waiting for you to take me up on my bet, junior.

And cuts have already gone down in many groups. Not surprisingly, VP's are the endangered species as they are making the most money without direct ties to revenue.

Junior employees are cheap and thus always safer, which is why you saw comments from several banks this week (BAML included) that said they intend to maintain the same recruiting levels as last year.

I'd be more nervous at MS right now.

 
Cartwright:
And what december puts would those be?

Don't put all your money there though. I need you to save some for the oceanfront property in Arizona I have for sale.

Glad somebody else said what I'm sure many of us are thinking...
I am permanently behind on PMs, it's not personal.
 

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Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

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