Talking stocks, trading, and investing in general

[sinnedk]

Well country wide was an awful purchase but I don't think it's forced and a lot of the lawsuits and losses came from there.

 

[Cantabrigian]



Well country wide was an awful purchase but I don't think it's forced and a lot of the lawsuits and losses came from there.

I agree

They can probably say Merrill was a shotgun marriage but they walked into the Countrywide disaster on their own.

 

[sinnedk]

nevermind

 

[Medwed]

Reduced AETN and loaded up NOK again. NOK is a patent hog ,will be good cash cow and will double again. (or so I hope)...

 

[SkinnyGoomba]



Well country wide was an awful purchase but I don't think it's forced and a lot of the lawsuits and losses came from there.

I agree

They can probably say Merrill was a shotgun marriage but they walked into the Countrywide disaster on their own.

This is true, but IMO they're being beat over the head with litigation fall-out from these acquisitions.

 

[Cantabrigian]



This is true, but IMO they're being beat over the head with litigation fall-out from these acquisitions.

I'd go a lot further than that.

I almost don't care about the lawsuits / settlements since that will be a drop in the bucket compared to the future lost revenue due to the punitive regulation that's being cooked up / haphazardly implemented.

 

[idfnl]



I'd go a lot further than that.

I almost don't care about the lawsuits / settlements since that will be a drop in the bucket compared to the future lost revenue due to the punitive regulation that's being cooked up / haphazardly implemented.

This is how the modern soft hand of Wall St regulation works. There are hundreds of people that can be gone after if there was any real interest in unwinding the financial mess they created, but there isn't. So this lip service of blaming corporations over people within them continues. To me this is much more dangerous than any regulations can be because if you know they can be ignored, they never had any value to begin with.

 

[SkinnyGoomba]

and we have the result, bac just halted their buy backs and Capitol plan.

 

[idfnl]



and we have the result, bac just halted their buy backs and Capitol plan.

Nice.

I've had a real run of dog **** lately.

 

[GreenFrog]

I feel bad for BAC. I'm glad I got out with a tiny bit of profit two months back. Purchased JPM instead and it was a winner for awhile, but their recent earnings miss has me in the red.

AAPL has been kind to me lately, including today. Hopefully this is the beginning of the reversal of the **** it's been dragged through over the past two years.

 

[sinnedk]



and we have the result, bac just halted their buy backs and Capitol plan.

so what does that mean?

 

[lawyerdad]



This is true, but IMO they're being beat over the head with litigation fall-out from these acquisitions.

Well, sure. But it's not like that wasn't a known risk when they purchased it. You can't buy a business with a bunch of foreseeable liabilities and then ***** when the time comes to realize those liabilities.

 

[SkinnyGoomba]

Yes, except that we're over 50B at this point, and it's been six years.

 

[lawyerdad]



Yes, except that we're over 50B at this point, and it's been six years.

That's kind of a non-sequitur. I don't know exactly what BAC's internal estimates of the likely and potential liabilities were, but the figures you're citing are hardly beyond the realm of what was reasonably predicable - at least on the downside risk side of the scale. Just as a random data point, at six years we're still several years short of the litigation trail that followed the Lincoln Savings mess.

 

[SkinnyGoomba]

Ok thanks.