Posted inNational

Bank of America Swirling in Toilet

10 Comments

I’m glad I didn’t buy a bunch of shares when LiberalGeek told me that the Countrywide purchase was a good deal for BoA. .

Bonus Thought:

All the banks are already nationalized because they are backed up by the FDIC (our tax dollars). No FDIC = No more banks holding “bad assets.”

Under this system, we have all of the risk and none of the returns.

10 Comments

  3. anon
    February 20, 2009,

    my 401k with bofa….

    I bet Cawley diversified five minutes after the ink was dry on the check.

  4. arthur
    February 20, 2009,

    $3 a share -1000 shares in my Roth – if it goes up $1 i made a grand any more than that i start selling pieces and in 15 years its all tax free.

  5. anon
    February 20, 2009,

    AP headline: “Stocks pare losses over nationalization fears”

    heh… the bastards’ balls shriveled up into their abdomens at the prospect of nationalization: CAN YOU HEAR ME NOW??!!!

  6. Mark H
    February 20, 2009,

    My baseball card/comic collection is looking like a good retirement plan compared to some I know 🙂

  7. Von Cracker
    February 20, 2009,

    Andrew Cuomo just subpoenaed BofA’s CEO….sounds like trouble!

  9. Unstable Isotope
    February 20, 2009,

    Krugman on what’s happening: Link

    He’s basically saying that the bank are insolvent and everyone knows it. The reason that they are going down now is that the price had been propped up by the hopes that the government would rescue the banks without taking them over and wiping out the shareholders.

Comments are closed