Clearly today's news is horrible for Bank of America since they cant make money on Zero rate margins. In fact they lose money... Bank of America is going to take a huge hit $7.00 coming.
They know trading volumes have been the lowest since 1998.
Bank of America is going to take a first quarter loss! on zero trading revenues...
The excuse the traders need to catch up? whose the traders??? they appear to be pools in the know...
TZA closed up only .90% they robbed .30% from investors in one day. These funds need to be shut down for investor fraud. They are not what they say. Its fraud. and we have it documented for four years?
Everybody knows so who cares..
How can that happen they cry tell them all out middle east war brewing that's why.
You know its coming as the dollar will indeed plunge on $25 Trillion in U.S. Debt and growing $2 Trillion a year now.
so they can dump this dead money holding. People who owned this stock for over a year got zero return and loss money. You dont lose money if you dig a hole and throw it in..
BAC, JPM, C, and BNYM 4 major U.S. to big to fail custodian banks combined market caps barely have $1 Trillion in market cap, their combined market caps can't even cover 2 listed (Apple and Oracle). U.S. companies out of the 5,100 U.S. companies listed. BAC will go to zero in about two hours in this coming collapse.
Any new money s just pure suckers... You'll lose the day you buy it.
Even the Federal Reserve got greedy this time.
Should have no problem in paying Full Commission $75.00 per trade order. Folks those days are gone... those fees only come from dead peoples accounts.
BAC has spent billions over the past seven years merging all their systems. Merrill is now so ingrained in the banks systems that it would cost a suitor nearly $10 billion just to undo what has been done. So any Spin-Off talk is truly bogus... and even if the dream was true, their would be zero value for any firm to try to take a dying name..
We have a 125 Trillion to 1 Trillion custodian bank coverage ratio. BAC, CITI GROUP,JPM BNYM the top four U.S. Custodian banks have a combined market cap of $1 Trillion, they and a few of the smaller banks need to cover a 125 Trillion to 1 leverage ratio. It can't be done. The Federal Reserve know this. They should have raised rates months ago...
The Federal Reserve Policy of print money to safe the Public Sector Pension System and make the Rich Richer! Failed and they know it failed.
That would not and can not happen any more, since nobody would want to spend the money to untangle the mess the created in merging. It would take years unless you just sell the name. Maybe they can sell the trade mark that's the only option.
Where is the SEC and Finra?? crooks in action here.
Heck no! These are low interest double the price of homes $650K to $700K mortgages also know as double trouble. Yes it true the interest rates are down on new homes, but prices have doubled due to the low mortgage rates. Thus, banks have doubled their risk on Car Loans and New Home and frankly they are ready to crash once again, but this time twice as bad. Since this time the lying sacs said there will be no bank to big to fail. We shall see!
Clearly they are allowing the defrauding investors. Between their portfolios? Needs to be looked at.