Dammit!!! :mad:
I knew we should have gone with eeeeeeeeeeeeevil BOA!!!!!
:D
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Dammit!!! :mad:
I knew we should have gone with eeeeeeeeeeeeevil BOA!!!!!
:D
Gotta be a favor for the Fed. Shit's probably a lot worse than they are letting on.
I have to confess to having the same thought, except that I kind of think Buffett would not participate in that game. But still...it did occur to me.
BAC was valued at 16$ by some analysts before Buffett made made his move - $8.00 now - and if you read the details, it was a real sweetheart deal. One not available to you and me, but then we ain't putting up 5 billion dollars, either.
Technically, they are are an insolvent zombie bank, alive only because of the generosity of US taxpayers.Quote:
Originally Posted by KhrushchevsShoe
Tank of America and Shitty Bank are both in a great deal of trouble.
Buffett should fork over 90% of the billion he made on this deal to the IRS. Just because it is a paper gain, let him practice what he preaches. I almost forgot, he uses the lower capital gains rate rather than pay the higher tax rate on other income.
Just three days ago, JP Morgan Chase was preparing to take over Bank of America...
Marketwatch - JP Morgan May Take Over Bank Of America Within The Week
And BOA got to take over Merrill Lynch under tarp...
http://www.foxbusiness.com/story/mar...ew-tarp-money/
Now Buffett buys in. :an: Angel investor? Warren? Well he may be getting old but I don't think he is senile.:eek:
They also took over Countrywide...Quote:
Originally Posted by zeitgeist
Something does not smell right here.Quote:
Originally Posted by zeitgeist
Or John Deere. When I was visiting Moline, IL Bill Gates bought a few shares....making his group the largest shareholder. The stock jumped a few days after...Quote:
Originally Posted by SarasotaRepub