Republicans do stuff to the people not for the people !
FORBES Atty Robert W. Wood 8/21/2014 @ 7:58PM 12,593 views
BofA Grabs $12 Billion Tax Write-Off From $17 Billion Mortgage Settlement
...the government’s deal with BofA seems to go out of its way to allow tax deductions, saying that:
“Nothing in this Agreement constitutes an agreement by the United States concerning the characterization of the Settlement Amount for the purposes of the Internal Revenue laws, Title 26 of the United States Code.”
Armed with that language, the U.S. Public Interest Research Group says BofA might even be able to deduct the whole thing. Sure, federal law prohibits a deduction of government fines or penalties. But companies often deduct ‘compensatory penalties,’ a maneuver affirmed in a recent Circuit Court ruling.
Assuming BofA does not deduct the $5.02 billion in civil penalties, the bank’s deduction is worth $4.0705 billion. If the bank succeeds in writing off the full $16.65 billion, including the civil penalties, its write-off is worth $5.8275 billion. ...
Sentiment: Strong Buy
Nice try, but clearly uniformed. But stick to your ideology just the same. After all, it's only just money (someone else's).
It is really pretty scary, there are some real political psychopaths in this world.
Sentiment: Strong Buy
They are messed up in the head posting all this BS politics............I just wonder if they are getting paid to spend their days posting all this BS?
Look in the mirror:
If you are not being paid to post this crap about Rep/Dem, then you are messed up in the head!!!!!!!!!!!!
You get a bigger paycheck on welfare something like $70K/year when you add all the benefits like insurance and rest so welfare recipients are better off than those working.
Service charges on left-wing deposits alone should stimulate earnings dramatically in future periods. Poor leftists are just piling it up! Hillary's meager wealth a case in point.
Just a temporary stopover. Welfare recipients will dissapear when we are all earning $100 an hour. (...You heartless white-winger, you!)
Highlow...No foul from here..I agree with your methods and observations. You are a true talent! I am just saying that sometimes I just have to step away and follow my fundamentalist nature and absorb the short term pain. It just aggravates me to see the shares trade absurdly lower resulting from some algebraic/algorhythmic equation that has no understanding of the fundamental value of the franchise. So, no offense taken here....I admire your work and believe...
"highways, bridges and the military" and other infrastructure is what the government is intended to invest in. But along the way, we are now forced to pay for folks who choose to live off of the government. And thanks for the typical liberal response (which is basically that you are happy to spend other people's money).
Huck: LOL! Hey don't get me wrong. I'm just calling out what I'm seeing, which could be wrong....taking the longer view it's just some information that may prove pertinent (or not) to your risk/analysis stance. Or maybe I'm just thinking too much "out loud?" ;-)
No need to panic or take any bait. Just ride it out longer term. I just find it tactically interesting to (obsessively? Heh) follow the intraday action....by years end I still think $18 area is "doable," but we need to see the current intraday character of the action shift a bit first....One step at a time, eh?
Meanwhile that's about it for me for the week. Got some plans lined up for the holiday (Labor Day) week-end and I think I'll kick it all off early....sometimes it's good to just push back, unplug from all the electronics and enjoy life sans all of it (the electronics)....in other words....all work and no play does not a good Highlow make. ;-)
Agreed. With Boomers moving into retirement, the US approaching self sufficiency in oil, manufacturing moving back on shore, there is a vast change taking place in the economy that will become much clearer as time goes by. Changes like this aren't very smooth but they carry us to even higher levels than before.
I just reviewed today's GDP data coupled with a few other indicators that I tend to like to review in comparison to each other (oil in particular, though I won't bore anybody with my theories). My conclusion? That things look really good. I am convinced that we are in for 10 - 20 years of economic prosperity, minus geo-political setbacks here and there. As far as BAC is concerned, my Chart of Hunches suggests that this week's action is very, very healthy for the stock insofar as the longer term is concerned. This is a fantastic entry point for newbies. Earnings due in about a month, and we will have an increase in R before too long as well.
Sentiment: Strong Buy
You were saying that at $5. Thanks for your money.