Bank of America Corp. (BAC)

All Comments on BAC

  • commenter
    Aug 30 01:11 AM
    Islamic Banking in America? [view article]
    The Islamic interest taboo encourages "clever" financial shenanigans designed to deceive everyone involved, including themselves. Things may be working in Malaysia, but most Arabian states are still basically just pumping oil and the distribution wealth is more inequitable than even the US. Reply
  • commenter
    Aug 29 05:23 PM
    Islamic Banking in America? [view article]
    Author forgot to "highlight/emphas... the moral/ethical aspects. Traditional banking CEOs earn millions to squander investors money. Nothing happens to them for screwing up. Oh yeah, government will bail them out.... FRE/FNM CEOs combined got 32million for 500billion screw up... same with C/MER/BS... and story goes on... hey i am not saying mistakes do not happen, but somebody needs to pay for greed and irrational self promotion at the cost of investor.. do not let them fudge numbers for bonuses... if you get bonus for good fudged profits,, why not loose when you screw ups... do these CEOs return their bonus after fraud is detected.. oh no govt will bail them out..... i hope this new banking systems, whatever they are based on do not lose their ethics..... I am willing to give them a chance over our govt promise and jackass CEOs. Reply
  • commenter
    Aug 29 03:07 PM
    My Website
    Options Trader: Thursday Outlook [view article]
    It's the media's job to scare the crap out of people. They have to sensationalize things or people will get bored & the ratings will drop. Reply
  • commenter
    Aug 29 01:53 PM
    Islamic Banking in America? [view article]
    If the "borrower" fails to repay the loan, will he be treated as a thief and have his hand chopped off? Reply
  • commenter
    Aug 29 09:34 AM
    Islamic Banking in America? [view article]
    1. calling these institutions banks is a misnomer
    2. the "trust" they're built on doesn't work as well in Western countries where honor killings are frowned upon.
    3. the "trust" they're built on presupposes that a "borrower" will act honorably when faced with the choice of paying for his wife's medicine or repaying these loans.
    Reply
  • commenter
    Aug 28 01:38 PM
    Options Trader: Thursday Outlook [view article]
    Just an FYI, hurricane intensity prediction is not very good in any of the models, especially anything longer than a couple of days. Track projection and other measures are a bit better, but again anything beyond a few days is unreliable.

    Once the storm is a day or two from landfall, THEN you can begin to rely on forecasts a bit more.

    ~X~
    Reply
  • commenter
    Aug 28 09:39 AM
    Options Trader: Thursday Outlook [view article]
    Not playing the refiners? Huge pop with improving cracks spreads and low valuations. Long TSO, VLO, FTO stock and call spreads. Reply
  • commenter
    Aug 27 06:51 PM
    Investing in the Housing Crisis Aftermath: Stock Picks and Pans [view article]
    I do not agree that HD and LOW are in bad shape. People have to really spruce up their homes in order to try to sell them in today's market. That's the busines they are in - home improvement and repair. It's a lot like the auto parts business. Look at AZO and AAP, they are doing great despite the bad economy because people have to keep their cars running due to scarce cash. I think HD and LOW are both great buys - if one likes to go long in a bear market. Personally, I am in cash until the housing crisis shows more sighns of an end. Reply
  • commenter
    Aug 27 04:17 PM
    Investing in the Housing Crisis Aftermath: Stock Picks and Pans [view article]
    You want us to get in on the Fannie and Freddie action? And then you tell us WFC is better off because of it's more diversified biz then FNM and FRE? Idiocy. Fannie and Freddie are going to 0. The government "bailout" is going to be nice for bondholders while wiping out common stock. Nice try...but I'm not going to be on the other side of your exit strategy! Reply
  • commenter
    Aug 27 12:35 PM
    Bank of America vs. Banco Santander: Whose Dividend Is Secure? [view article]
    For those of you who misunderstood my earlier comment: the ADR was yielding 9.7% while the stock listed in Madrid was yielding 4.8%. Given that most US based investors would buy the ADR (indeed this conversation was predicated on the high ADR yield), I was warning you that such a disparity between the Euro and the US yield was unsustainable. Guess what, a month later, the ADR yield is now 5.06%, while the Euro yield is still 4.8%. Nothing like a little market therapy for the idiot posters below. Reply
  • commenter
    Aug 27 11:05 AM
    Investing in the Housing Crisis Aftermath: Stock Picks and Pans [view article]
    Bank of Ameica is buying back stock, and they are about to become "radioactive"... Wells Fargo hasn't even begun to report the damage in their subprime portfolio - they've successfully been hiding it for quarters now, and it's bound to come out soon - yet they are the company fairing well.

    Look further than the press releases, author. And the idea that we're add the end of the housing crisis is fairly preposterous, though certainly the initial, destructive wave has passed.

    I guess all entitled to their opinions, since we're all just guessing at the future, but it sure would be nice if Yahoo would find more experienced and informed commentators to include in their so-called "news feed". I've yet to find a seeking alpha blogger than seemed any more insightful than the average stock forum poster.
    Reply
  • commenter
    Aug 27 09:09 AM
    Investing in the Housing Crisis Aftermath: Stock Picks and Pans [view article]
    Pfffle! Reply
  • commenter
    Aug 26 12:44 PM
    Pension Benefit Corporation Rolls the Dice at Exactly the Wrong Time [view article]
    This Augustus cat must be one of the boyz.

    All that Schedlock is saying is that none-NONE-of the people who have administrated this fiasco can be trusted either because of incompetence or fraud(and fraud is too mild of a word in many cases).

    Schedlock wants this guy fired and I agree and along with it - how the hell did he get the job in the first place. Manpower can provide better people than this.
    Reply
  • commenter
    Aug 26 10:53 AM
    Pension Benefit Corporation Rolls the Dice at Exactly the Wrong Time [view article]
    Muzie,
    You have used a flawed analysis.
    An example illustrating this is to consider BRK.A as a portfolio holding.

    That part of the portfolio pays no dividend, and the portfolio would have no income from it. BRK.A has never paid a dividend.

    Would you consider a long term holding of that security to have been a poor investment? Under your example it would have been terrible as it did not generate any "income."
    Reply
  • commenter
    Aug 26 09:09 AM
    Lehman Brothers Take-over: Implications for Financials [view article]
    Did you read "Finance for Dummies" and think you could just post an article on SA? Reply

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