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 What does $7.49 buy you? View next topic
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

What does $7.49 buy you?
PostPosted: Mon Aug 08, 2011 1:41 pm Reply with quoteBack to top

... a share of Bank of America this morning ... Shocked couldn't happen to a better bunch of guys Wink ... you gotta wonder at this point how low it can go

and to add insult to injury, now AIG has filed suit against BofA/Countrywide - way to pile on guys:

http://www.google.com/hostedne.....2bb1cd.1a1

NEW YORK — US government-controller insurer AIG filed a $10 billion suit against Bank of America Monday for losses on the mortgage-based securities that sparked the 2008 US financial crash and AIG's own near-bankruptcy. AIG alleges that Bank of America misrepresented the quality of the mortgage-backed securities it sold to the insurer. "Bank of America's fraud cause billions of dollars in damage to AIG and we are bringing this suit today to protect AIG and the taxpayers' stake in it," said Mark Herr, AIG spokesman. According to the New York Times, the $10 billion AIG wants to recover represents losses on $28 billion in investments. AIG had to be rescued with $180 billion from the US government during the collapse, and the government remains its largest shareholder.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: What does $7.49 buy you?
PostPosted: Mon Aug 08, 2011 4:34 pm Reply with quoteBack to top

6 handle now ... the pink sheets are in sight!

wonder if they are 'too big to fail' ... nobody is supposed to be anymore, right?

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: What does $7.49 buy you?
PostPosted: Tue Aug 09, 2011 4:11 pm Reply with quoteBack to top

Took the kids to 6 flags in Vallejo last Thursday. An order of sky high chili cheese fries cost $7.58 with tax...and they were much more filling than having a share BofA.

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There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: What does $7.49 buy you?
PostPosted: Wed Aug 10, 2011 3:11 pm Reply with quoteBack to top

BofA back under 7 bucks today.

Financials are getting creamed. Big rumors of SocGen in trouble - they came out and denied the rumors, which pretty much means they're all 100% true.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: What does $7.49 buy you?
PostPosted: Wed Aug 10, 2011 3:31 pm Reply with quoteBack to top

How come ya didn't tell us all to buy SKF at yesterday's close bdc?

Up 10 % today... Surprised

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
View user's profileSend private message
bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: What does $7.49 buy you?
PostPosted: Wed Aug 10, 2011 3:52 pm Reply with quoteBack to top

dreamer wrote:
How come ya didn't tell us all to buy SKF at yesterday's close bdc?

Up 10 % today... Surprised


I didn't know I was going to buy it until I saw at 3:55pm that it was 20% down. I only bought 500 shares, but its looking like one heck of a trade at this point.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
View user's profileSend private message
bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: What does $7.49 buy you?
PostPosted: Wed Aug 10, 2011 5:32 pm Reply with quoteBack to top

note to self - don't go onto CNBC and question the health of the banking system unless you are prepared to be belittled and berated by the shills - I mean "news anchors" Rolling Eyes

http://video.cnbc.com/gallery/?video=3000038440

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: What does $7.49 buy you?
PostPosted: Wed Aug 10, 2011 6:08 pm Reply with quoteBack to top

shoot the messenger baby...

Congress will now investigate S&P for telling the truth. Thy will spend more time investigating S&P than they ever spent looking at the banksters that casued this mess and received trillions in bailout founds...phuckers

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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doinloansNM
Cherry Bomb


Joined: 09 Jul 2008
Posts: 158
Location: new mexico

Re: What does $7.49 buy you?
PostPosted: Wed Aug 10, 2011 7:45 pm Reply with quoteBack to top

Bof A at 6.99 right now, For the price of double cheese burger meal you can own B of A stock. I wonder if the gov will do another tarp so B of A can buy something else to say they are to big to fail! Evil or Very Mad
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: What does $7.49 buy you?
PostPosted: Wed Aug 10, 2011 9:50 pm Reply with quoteBack to top

SocGen CEO Speaks Out

http://video.cnbc.com/gallery/?video=3000038540

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
View user's profileSend private message
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