Bank of America Swirling in Toilet
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.
what happened to that half hour bullshit 🙂
dont’ even get me started on my 401k with bofa….
It’s on sale.
my 401k with bofa….
I bet Cawley diversified five minutes after the ink was dry on the check.
$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.
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??!!!
My baseball card/comic collection is looking like a good retirement plan compared to some I know 🙂
Andrew Cuomo just subpoenaed BofA’s CEO….sounds like trouble!
An extremely well written and timely analysis of what is about to happen this weekend; stick with it to the end. Maybe follow a few of the links too.
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.
Will Obama Step Up or Do Nothing? We heard complaints about the SEC-what will Obama do?
Why Wall Street could go to jail
Corporate officers were making reassuring statements about financial prospects just days before Armageddon hit their companies — and investors’ portfolios. Here’s some prominent cases.
http://money.cnn.com/galleries/2008/fortune/0812/gallery.parloff_quotes.fortune/