Cramer's Lightning Round - Bank Of America Might Be Done Going Down

Oct 28, 2011 | Posted by: roboblogger | Full story: Seeking Alpha

Bank of America : "...at this point, you are back where Warren Buffett bought BAC... it is way too late to sell...I think it might be done going down." GameStop : "I am worried about the long-term mobile implications.

Comments

Showing posts 1 - 3 of3
Jesse

Bronx, NY

|
Report Abuse
|
Judge it!
|
#1
Oct 28, 2011
 
Bank of America is going bankrupt.
Ben Russell III

Miami, FL

|
Report Abuse
|
Judge it!
|
#3
Nov 1, 2011
 
Jesse, What did you hear? Someone told me something to do with the Merrill Lynch business is going to sink them.
I'd love to see them go, just would be a shame for all the people employed there.
Jesse

Bronx, NY

|
Report Abuse
|
Judge it!
|
#4
Nov 2, 2011
 
Ben they are shifting $75T - trillion - worth of derivatives from Merrill Lynch to BAC. That means onto the FDIC-insured retail side of their operations. The GDP of the world is $60T.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 1 - 3 of3
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

•••
•••
•••
•••
Enter and win $5000
•••
•••