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Search: Posts Made By: Private Banker
Forum: Stocks and ETFs September 28th, 2012, 04:17 PM
Replies: 102
Views: 28,828
Posted By Private Banker
Yep, without a doubt their worst acquisition...

Yep, without a doubt their worst acquisition ever, lol!
Forum: Stocks and ETFs September 28th, 2012, 03:43 PM
Replies: 102
Views: 28,828
Posted By Private Banker
Simply the bones of a once well run company....

Simply the bones of a once well run company. Nations Bank was the beginning of the end for them.

https://nexusfi.com/attachment.php?attachmentid=90521
Forum: Stocks and ETFs March 14th, 2012, 08:47 PM
Replies: 102
Views: 28,828
Posted By Private Banker
What does that have to do with BAC?

What does that have to do with BAC?
Forum: Stocks and ETFs March 14th, 2012, 07:18 PM
Replies: 102
Views: 28,828
Posted By Private Banker
Couldn't find a better to place the link for this...

Couldn't find a better to place the link for this IMO, well written article by Matt Taibbi from the Rolling Stone Mag.

Bank of America: Too Crooked to Fail | Politics News | Rolling Stone...
Forum: Stocks and ETFs December 19th, 2011, 03:16 PM
Replies: 102
Views: 28,828
Posted By Private Banker
BAC finally broke below $5 key level. This could...

BAC finally broke below $5 key level. This could trigger mutual funds that hold their stock to start heading for the door in a stampede. We'll have to see of course but someone tried their absolute...
Forum: Stocks and ETFs November 18th, 2011, 06:29 PM
Replies: 102
Views: 28,828
Posted By Private Banker
BAC is on a drift to zero... The...

BAC is on a drift to zero... The accumulation/distribution of this stock suggests that it's about to die for good.
Forum: Stocks and ETFs October 25th, 2011, 01:13 PM
Replies: 102
Views: 28,828
Posted By Private Banker
This is exactly what I was referring to earlier...

This is exactly what I was referring to earlier by BAC holding it's depositors hostage until the FDIC or Fed bails them out. Pretty sad stuff we're seeing here. Complete act of desperation.
Forum: Stocks and ETFs October 24th, 2011, 06:03 PM
Replies: 102
Views: 28,828
Posted By Private Banker
You're welcome. From what I understand a majority...

You're welcome. From what I understand a majority of these derivatives were from Merrill Lynch so, who knows what crazy trades they have on there. They were obviously bad enough to make BofA keep...
Forum: Stocks and ETFs October 24th, 2011, 02:41 PM
Replies: 102
Views: 28,828
Posted By Private Banker
I was able to locate BofA's 3rd quarter 10Q...

I was able to locate BofA's 3rd quarter 10Q filing and as I mentioned earlier, a majority of the derivatives it holds are comprised of the lower levered FX and Interest Rate Swaps. But there is one...
Forum: Stocks and ETFs October 23rd, 2011, 11:52 PM
Replies: 102
Views: 28,828
Posted By Private Banker
My thoughts exactly. This should be done...

My thoughts exactly. This should be done immediately. I'm sure there's shareholder pressure or whatever but at some point pre-packaged BK is the only sensible (key word) way out of this mess.
Forum: Stocks and ETFs October 23rd, 2011, 11:12 PM
Replies: 102
Views: 28,828
Posted By Private Banker
Without getting extremely complicated, the bad...

Without getting extremely complicated, the bad bank could be funded/paid for from the original bank from an equity raise or debt sale with the equity in and supporting collateral being the good bank....
Forum: Stocks and ETFs October 23rd, 2011, 10:31 PM
Replies: 102
Views: 28,828
Posted By Private Banker
I would imagine there are a few things that could...

I would imagine there are a few things that could be done but like Lornz mentioned, following some sort of Scandinavian style work out makes sense. Sweden broke down the large banks via pre-packaged...
Forum: Stocks and ETFs October 23rd, 2011, 11:38 AM
Replies: 102
Views: 28,828
Posted By Private Banker
I think the TBTF concept is very interesting. I...

I think the TBTF concept is very interesting. I agree with the thought of Microsoft. I guess the underlying issue is how are these companies earning their revenues and what is the impact on the...
Forum: Stocks and ETFs October 21st, 2011, 07:24 PM
Replies: 102
Views: 28,828
Posted By Private Banker
Wow, good find! One thing I know all too well...

Wow, good find! One thing I know all too well from that business world lingo is these restructuring announcements lead to mass layoffs in the referenced divisions. Additionally, it confirms just how...
Forum: Stocks and ETFs October 21st, 2011, 11:30 AM
Replies: 102
Views: 28,828
Posted By Private Banker
Yeah, I hear Linda Green over at MERS has been...

Yeah, I hear Linda Green over at MERS has been literally all over the default situation. Lol!!! Just kidding. The borrower would definitely be in default there.

You're interested in buying some...
Forum: Stocks and ETFs October 20th, 2011, 07:39 PM
Replies: 102
Views: 28,828
Posted By Private Banker
Unless your mortgage is portfolio'd within the...

Unless your mortgage is portfolio'd within the bank, they're most likely just the servicer and your mortgage was securitized and sold to a 3rd party investor. To have your mortgage portfolio'd, you'd...
Forum: Stocks and ETFs October 20th, 2011, 07:36 PM
Replies: 102
Views: 28,828
Posted By Private Banker
It's a pretty massive event to say the least. I...

It's a pretty massive event to say the least. I don't think a bailout like we had before would be accepted politically. What I "think" would happen is a pre-packed bankruptcy situation but like you...
Forum: Stocks and ETFs October 20th, 2011, 11:32 AM
Replies: 102
Views: 28,828
Posted By Private Banker
It's just getting worse for BofA. It appears that...

It's just getting worse for BofA. It appears that a run on the bank is developing electronically and from the branch level. Meanwhile the stock is heading right back to the recent low's. Pretty crazy...
Forum: Stocks and ETFs October 19th, 2011, 08:23 PM
Replies: 102
Views: 28,828
Posted By Private Banker
Yeah, I think as the economy gets worse we will...

Yeah, I think as the economy gets worse we will see more and more defaults occurring. As people continue to lose their jobs or they finally just give up and walk away these factors could affect the...
Forum: Stocks and ETFs October 19th, 2011, 10:27 AM
Replies: 102
Views: 28,828
Posted By Private Banker
No worries, I'm very selective with what news...

No worries, I'm very selective with what news sources I read as well. The derivatives in which I'm referring to are Collateralized Debt Obligation (CDO's), and Credit Linked Notes (CLN's) which are...
Forum: Stocks and ETFs October 18th, 2011, 10:34 PM
Replies: 102
Views: 28,828
Posted By Private Banker
I guess the better question is why would BAC do...

I guess the better question is why would BAC do such a dramatic move? I can definitely see things falling apart and the government will feel they have to do some sort of bailout in an attempt to save...
Forum: Stocks and ETFs October 18th, 2011, 09:22 PM
Replies: 102
Views: 28,828
Posted By Private Banker
With regards to the FDIC and the amount in which...

With regards to the FDIC and the amount in which they will insure is up to $250k per SS# and/or tax ID#. Anything beyond that is uninsured. BAC has roughly $1 trillion in deposits which is made up of...
Forum: Stocks and ETFs October 18th, 2011, 08:48 PM
Replies: 102
Views: 28,828
Posted By Private Banker
Yeah, me too. I just think the TBTF's will do...

Yeah, me too. I just think the TBTF's will do anything they want and apologize later at this point. I'm sure other TBTF's are or will do the same now that BAC has done so. They are essentially using...
Forum: Stocks and ETFs October 18th, 2011, 07:31 PM
Replies: 102
Views: 28,828
Posted By Private Banker
BAC just made about the dirtiest move it could by...

BAC just made about the dirtiest move it could by putting depositor money as a back stop for some of their (BAC's) worst derivatives. The general idea here is once these derivatives blow up, BAC...
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