1) BAC has nothing of value left to sell 2) BAC is trying ot exit the mortgage business 3) BAC is trying to unload all mortgaes for pennies on the dollar 4) Mortgage runoff for remaining mortages continues to increase (See most recent Q10) 5) BAC has sold its entire position in BLK, which earned BAC some nice returns in the past 6) Auto loans did not meet expectations 7) There has been a slowdown on cash-out refis 8) The few BAC mortgages that are sold are not closing on time 9) BAC continues to set aside legal fees for upcoming lawsuits 10) Credit cards have been maxed out by most Americans and little to no growth is expected in this area
Oh January 2012. That was when this original poster was brilliant by quadrupling his short from Dec insisting a COLLAPSE would occur in days and BAC would would trade at $2.50. A claim he continued until about 2 weeks ago. But the story goes, he doesn't trade at all. Just a poser that lost serious cash owning bank stocks. The bias is clear.
However, as you can see, by his dramatic posts, he really wants to be taken seriously.
No really, he does.
Yep, I know,you know, but trust me, he doesn't know LOL