Says Mark Williams, a former Federal Reserve Bank examiner who teaches finance at the Boston University School of Management,“Bank of America is in serious trouble. At a stock price of about $5 and falling, the nation’s second largest bank is teetering close to bankruptcy. Global turmoil, a second U.S. recession and a further decline in housing prices and rising defaults would be the final nail in BofA’s coffin.”
Obama lost from the start. He leeched our money to pay for firms that screw their customers so bad that they all leave. obama stole money from the poor to pay rich people to reward them for screwing you.firms that screw their customers are supposed to go BK thats how capitalism works. How do you solve the problem of the person who stands in the way of justice? I don't think its too complicated.
yeah because they are on heroin. they have to keep using the heroin forever now just to avoid the withdrawl sickness. Clearly it is not a good idea to use heroin for the rest of your life just to try to avoid the withdrawl syptoms. thats why obamas plan won't work it just temporarly masks the pain artificially and when you have to get off the heroin your in for much worse hurt.
Means you're so busy trying to blame Obama from losing a few big battles, that you e underestimate the troops and fail to see the news on the ground. American companies have pretty much been posting strong or stable earnings, barring a few for the past two quarters. All of this happened before the Eurocrisis reached Apex, so I expect one more strong quarter of earnings...with the bottom we're going to experience over the next couple weeks...we can have a surprising rise. But if you're so myopic to think the market will move under the strength of a feeble president, practically run by Congress, you're gonna leave A LOT of money on the table. I never believed Europe would be this much on our radar...but Germany will soon fix everything...b/c they're going Germany 4.0 and is going take over or maneuver to all of that s--t. You stay focused on the petty...I'm trying to get some petty cash.
I'd like to understand what this guy sees. A reputable news source doesn't get into trouble with direct quotes, but this was placed at the end of the article and there is no background detail provided. Sounds like a reputable source with a relevant background. But, how does BAC go bankrupt with a strong Tier 1 capital ratio?
yes it is. Obamas bailouts just make things worse. it is like a heroin addiction. Once you get off the heroin you get a really bad headache. Thats what is going to happen now. We have built up tolerance to obamas toxic economic policy and the huge market crash is the withdrawl headache. obama only made things much worse.