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Bank of America Corporation Message Board

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  • leehab22 leehab22 Mar 22, 2009 10:34 AM Flag

    A FEW THINGS YOU SHOULD KNOW ABOUT BAC

    "" Ask yourself, why is he so confident all of a sudden? I think the reason is that BAC is having a VERY profitable 1st Quarter. Here's the link:""

    Great post .

    All of the banks suddenly announced they will make money and the picture is rosy and here is why.

    Cost of money for these banks are at -0- which means they will make a killing going forward.

    The important point here is that on 60 minutes our beautiful Uncle Ben said that he would keep the situation the same and will not change it any time soon .

    He said one of the reason we dropped into depression the last time was because The then Fed raised the cost of money too early

    Couple of weeks ago I bought 100k shares of C at $1.29 and on Friday I sold them at $3.51 because C will have a dilution problem and I added to my BAC around $6.31

    Do not fight the Fed . They are much powerful than short sellers

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    • "Do not fight the Fed . They are much powerful than short sellers "

      rofl..I heard this all my life and it is very true.!

      Who will you believe? Bernanke and his regional governors versus these low life lying bashers?...lol

      "In Bernanke We trust"...

 
BAC
15.84-0.15(-0.94%)Mar 4 4:00 PMEST

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