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think we held up good to day.
all my banks stock took bad hit too day, all from c and bac. the fer will not let those banks fail.
you okey at that price
think this is great ponit jump in at.
no, they get stock in both banks. good rick and high risk banks. once go made money, may be time bail. lot question about c will it do it again? this is the 2th time. have they learn learn anything yet? my opinion is no.
you do not have post any thing, i look at my stock account and talk about bad hit. it time buy. usa bank, btt, pnc, for example. there are lot good bank out beside c and bac. in time they be okey. feds will not let them fail. they got 350 billion to spent on them just in new tarp money beside what fers can print up.
who ever come up with the golden key to unlock the black gold is a trillion air plus. big oil ben trying this for years and nothing yet to luck the golden luck. they in prove for much you get out, put last 50% is where real money is.
it be while before we have good bank and bad bank deal . will goverment have stock in both? the good bank will grow and get big again and will it fall into same probem c is now again?
bac is so big, the fer will not let it fail. they made big mistake when they let big brokerhouse fail. that why market is a mess uo and people have lost trillions of dollars. they learn hard lesson. if i knew how low they market waws going go down, i sold out and wait till now come back in. yest i lost money, but i would lost as much as i have now.
Hawaiian Electric Company Names New President & CEO
Hawaiian Electric Company, subsidiary of Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE), today announced that Richard M. Rosenblum has been named President and CEO, effective January 1, 2009. Rosenblum replaces T. Michael May, who stepped down as President and CEO in August of this year.
Rosenblum, age 58, comes to Hawaii with 32 years of experience in all phases of utility operations at Southern California Edison (SCE), California’s largest electric utility. Most recently, he held the position of Senior Vice President of Generation, responsible for all of SCE’s power generation facilities. During that tenure, Rosenblum helped initiate the nation’s largest solar photovoltaic project, which aims to install 250 megawatts of solar generating capacity on commercial rooftops around Southern California.
Previously, he served for over seven years as senior vice president of the Transmission and Distribution business unit, responsible for the delivery of electricity in SCE’s 50,000-square-mile service territory. He has also held the positions of vice president of Engineering and Technical Services and vice president of SCE’s Distribution business unit, which included responsibility for customer service.
He has a background in nuclear generation, previously holding management positions at SCE’s San Onofre Nuclear Generating Station and serving as Chief Nuclear Officer for the company. Rosenblum earned bachelors and masters degrees in nuclear engineering from Rensselaer Polytechnic Institute.
Rosenblum and his wife Michele have been part-time residents of Hawaii for over 20 years, with a home on the Big Island.
“Dick brings broad experience in all major areas of the utility business, proven leadership skills, and a belief in our strategic vision to help Hawaii create a clean energy future,” said Constance Lau, HEI President and Chief Executive Officer and Chairman of the Hawaiian Electric Company Board. “He has a reputation as an astute, open and approachable leader, qualities essential for the increasing collaboration needed in our business.” “This is a pivotal time for the energy industry, especially in Hawaii. I am pleased to have the opportunity be a part of these efforts, working with the company’s solid management team,” said Rosenblum. “Having been blessed to spend quite a bit of time here over the past 20 years, I appreciate that Hawaii is a unique and special place and that it is important to find solutions that are right for the Islands. I firmly believe that a utility must have a long-term vision developed in cooperation with the communities it serves and I expect to learn a lot by listening to the community, our employees, and our other stakeholders.” Hawaiian Electric Company, and its subsidiaries, Hawaii Electric Light Company and Maui Electric Company, supply the energy needs of over 400,000 customers or 95% of Hawaii’s population.
wonder if price of gas does not go up, will they drill any wells this year?
what happen to this company? did feds take banb over?
why did i get of wachivia, a new coe and he bough few million dolars worth of stock on market., i lost some money but i made some money on the deal. i was buying at 1 dollar range. i bought wachivia all the way done. ncc there was deal for it but managment sold the company away from stock and they got -----. management got good money on buy out. i some good money on this. indy mac, it was to late and stock was were selling. i have the preffered and may come out like winner on deal yet. it like the last 2 weels, i waiting to see what happen.
i am in wa mu too. i bought the preffered and i think i will be winner in that deal too. never say never.
if fed had come in and save it, the market would be in as bad shape as we are now in. the fed made big mistake on that issue. the market took major hit because of that failure and new presdent said it may be years become the damge is fix. he want buy mortages and i not sure if that right idea. i like what new indy mac bank was doing, trying help people in forcloser. i would gone to people who 2 month behind and see what i could do to help them out. reducing interest and not making any more on loan is whole lot better than losing the whole amount of loan. when house is sold by the bank, they only get pennies on dollars for house. i like to see them repair house and rent them out and keep them till market recovers , then try sell them.
i though wa mu was safe bet because they got new capital from private investment group.
when i add all loss in wachovia to money i mmade, i still in hole.
i drill oil well a few years ago- own a pice of it- oil was at 40 dolaars a barrel, it produce 55 barrel of oil a day and few hundred thought cubic feet of gas a day. oil drop and well got unplud and left. that bad hit but it did hurt me.
why you good and angry, think about this. all it took was to drill 4 more well to prove the field and tom sold it and had plent of money to drill with. the man gave tom hand shake and told him he would do it when he got but. even if he had not drill all 20 wells, just drilling 4 more and completed them all 5 well, then we sold the prove field for lots of money.
why do you put line to oil well, it cost 10 dollars a barrel to delive the oil to buy of oil. by pipe line, it lot lot cheaper.
there no bank left big enought buy it out.
i hope it will not fall any more. it fire sale now.
it so big, the feds will not let it fail.
Grandbridge completes acquisition of Live Oak Capital
CHARLOTTE, N.C., Jan. 16 /PRNewswire-FirstCall/ -- Grandbridge Real Estate Capital LLC, the commercial mortgage banking subsidiary of Branch Banking and Trust Company, today said it has completed its acquisition of Houston-based commercial mortgage banking firm Live Oak Capital Ltd.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080303/CLM064LOGO )
Live Oak Capital specialized in debt and equity placement and loan servicing for the commercial real estate industry. Founded in 2000, the privately-owned company closed more than $7 billion in commercial real estate capital transactions.
Terms were not disclosed. Branch Banking and Trust Company is the principal subsidiary of Winston-Salem, N.C.-based BB&T Corporation (NYSE:BBT).
"While we have an existing office in Dallas, partnering with the blue-chip professionals at Live Oak will strengthen our commercial mortgage franchise in Texas with the addition of this highly experienced business and management team," said Grandbridge Chief Executive Officer Tom Dennard.
"This is a firm whose principals have more than 125 years of combined industry experience and one that has achieved national recognition for its customer service, integrity and intellectual capital."
Live Oak Capital served as a mortgage loan correspondent for 20 institutional lenders and had access to a national network of debt and equity capital resources. It also provided full closing, servicing and loan administration services.
The new Houston-based Grandbridge senior management team will include John Fenoglio, David Aaronson, Gary Dunkum III, Harold Holliday and James Richards Jr., all former Live Oak Capital senior managers.
Charlotte-based Grandbridge, one of the nation's largest full-service commercial and multifamily mortgage banking companies, has a servicing portfolio of more than $24 billion representing 96 capital providers.
The company was founded in October 2007 when BB&T combined its existing commercial mortgage banking firm, Laureate Capital LLC of Charlotte, with newly acquired Collateral Real Estate Capital LLC of Birmingham, Ala.
Grandbridge operates 26 loan production offices across the country. It arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management and real estate brokerage services.
Grandbridge is a Fannie Mae DUS(R) (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus(R) seller/servicer, and an active participant in multifamily products insured by the Federal Housing Administration.
With $137 billion in assets, BB&T Corporation (NYSE:BBT) is the nation's 12th largest financial holding company. Founded in 1872, it operates more than 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at http://www.bbt.com/ .
http://www.newscom.com/cgi-bin/prnh/20080303/CLM064LOGO
http://photoarchive.ap.org/
DATASOURCE: BB&T Corporation
CONTACT: Thomas S. Dennard, Chief Executive Officer of Grandbridge Real
Estate Capital, +1-704-379-6910; or Tamera Gjesdal, Senior Vice President
Investor Relations, +1-336-733-3058, or Jeff Nichols, Vice President Corp.
Communications, +1-336-733-1472, both of BB&T Corporation
Web site: http://www.bbt.com/
Company News On-Call: http://www.prnewswire.com/comp/809325.html
how many billion in asset the fed do for c. it was some large, i forgot.
how true is what you said. lot promising idea that never made it. then look on tv and see some of idea that they sell on tv and you said to your self. i could thought up that idea.
there are other ways to inprove oil recover, but it may be 45%. you got melt the tar that left to do good job of recovering the last 50% of oil. you cap the well and wait few years and light oil will return to center and you be able pump out more oil. who ever get the right idea for last 50% will be trillion air. there perosn i hear about after he pump all oil he could out at profit, dug mime shat and mine the tar and remove it. it was very shallow well.
i was taking to some one and he was telling me that from one of our lease, you see a the best gas well from deep zone from big naturanl gas company. wonder if that well drainiong that gas from our lease and the money from the gas goes into to our company bank acount or where? if it draining from our lease them we get part of that money. hms
do not think this will happen.
we will win
you crying like body to me. did any one put gun to your head and make you buy this company? if you can lose all you investment , you should put money into the stock market. i lost ton of money in wachovia stock. i am not angery. i do not cry about of it. you need grow up. that not only one i lost money in last year. try a inda mac, and ncc. they were all good dividend proved at one time. i had lot good income producers that divides have gone south too. bac and i are latest. i live of those good dividends. i go on with my life look for investmentrs that good. this may be year tom get it to getting. that what i betting on.
the price was deturmind by total volume of gas in the field by the real number of well that can be drill time the price of natural gas at that time, dividen by the number of shares. saddly , the price of natural has falling. so you do not let well produce all it can till price come back up, wich it will do.
i talk to some one and he said it talk take that long, no infrastructure yet for all these ideas from paper to doing anything . it take 5 get money approve and another 5 years to built it. t pickson boon idea about using natural gas to run cars. that great. one thing he does say, you have used station that sell natural gas. i only know of the local gas company that does this. they been doing this for long time. it take time and money for people get these type of cars and a demand for natural gas at pump before people will invest money to built these ideas. i remember as small boy, a gas company truck blowing up because of leak up the hood from natural gas the truck ran off. that issue will have to be dealt with also. wind farms, some people do not want them in there front yard or were the live. then you got get key from all the people and county, state to built them. so best bet is go into old well and used what we have and make them give up more oil. at best 35 % of oil is recoverable from well. that lot more trap in ground. that the part we need to recover. coal, they came out with clean coal,company that were into clean coal went out of business. no body want it. more control and bags on the smoke stacks.
maybe they take there ime in hocking up the gas to pipe line because of low price for gas now. it go back up by this time next year.
it take 10 years to get alot of that be for you see it. things do not happen over night. gbrc ready to go now. all we want see the contracts.
bid 10 cents, ask 1.25
look for 2 companies in say 6 months?
now, maybe tom work on deal like that. we will have to see what happen. tom working hard get company into gear. that good idea. now, if tom get that can that kind deal, it that about month to drill the wells, and year to have pipe line built. by then, i see the price of natural gas back up. do yo agree with me. the best time to drill is now, rigs rate at very low and rigs are easey to get.
the real answer is, fed not going let bank fail or be under capital. it want the bank to follow the inda mac way of dealling with people on forclose and start loaning out money agin. bank ofamerica will lead the market when this trouble time over in stock market. it will be one of the super banks. i think this will be last of big time loss and they staret getting smaller in time, that why i bought more stock in this yesterday. i think it will be good investment long term. short term, i do not see any thing good, only long term.
WAHUQ is part of the debt so it is priced higher. If WMI was to liquidate, WAHUQ is the best place to be.
if this true, then we in rhe same boat. the trusee going after more asset as you read this. 50 dollars a shasre.
any time you unhappy in your investment , it time to move on and do not cry like baby over it. no body put gun to you head and made you buy this or any out stock. if you do not like how tom running the company, you should move on along time ago. he has change the way he run the company from day one. until tom said it over, it not. you have move on, so what you problem. want cry like baby because you and only you made choice in an investment and when you could take any more no so good news, you cry here like baby to make you feel good.
you did yet what i said. if he got that kind of money to take off 4or 5 monthand travel, then he got money to frill with. the question is ,why did he can his mind.?
once mess clean up, think this tock can go back to 7 dolar range and if gas goes up with it will, the back to 14 plus.
it be a while before any one know that. if thing go right, some time beorfe last 2 s they know the new symbols. i post the article i read about the spilt now.
government aid
Fri Jan 16, 2009 3:06pm EST Email | Print | Share| Reprints | Single Page[-] Text [+]
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By Jonathan Stempel and Dan Wilchins
NEW YORK (Reuters) - Citigroup Inc plans to split into two units and Bank of America Corp took $20 billion in government aid after the two banks suffered huge quarterly losses from the worsening credit crisis.
After losing more than $28.5 billion in the last 15 months, including $8.29 billion in the fourth quarter, Citigroup said on Friday it will divide itself into one business focused on commercial and retail banking, and another with brokerage, retail asset management, consumer finance and troubled assets.
Bank of America obtained a second capital infusion from the U.S. government, which agreed to limit potential losses on $118 billion in troubled assets. The bank added much of these assets when it bought Merrill Lynch & Co on January 1. Bank of America also reported a $1.79 billion fourth-quarter loss and slashed its quarterly dividend to a penny per share from 32 cents.
"It doesn't give you a warm and comfortable feeling that we have bottomed from the banking standpoint," said Walter Todd, a portfolio manager at Greenwood Capital Associates in Greenwood, South Carolina.
Shares of several major U.S. lenders tumbled, with Bank of America falling to its lowest level since 1991.
Fueling the slide were worries about whether British lender Barclays Plc and Royal Bank of Scotland Group Plc had enough capital to cope with writedowns, and over Ireland's decision to nationalize Anglo Irish Bank.
$90 BILLION INJECTIONS
Bank of America and Citigroup face mounting pressure over how well they will absorb a surge in soured loans, amid a deep recession that shows few signs of easing.
The largest and third-largest U.S. banks by assets have now each taken $45 billion from the government's taxpayer-funded $700 billion Troubled Asset Relief Program.
"Everyone out there believes that the government will not let these banks fail," said Matt McCall, president of Penn Financial Group in Ridgewood, New Jersey. "I still don't know how we're going to pay for all of this."
Half of the TARP funds have been committed, and the U.S. Senate voted on Thursday to let President-elect Barack Obama tap the rest.
The second-largest U.S. bank, JPMorgan Chase & Co, is viewed as much healthier than Bank of America and Citigroup, despite posting a 76 percent drop in quarterly profit on Thursday. JPMorgan got $25 billion of TARP money.
In afternoon trading, Bank of America shares were down $1.20, or 14.4 percent, at $7.12, while Citigroup was down 6 cents, or 1.6 percent, to $3.77.
Other banks also fell, with JPMorgan down 8.7 percent and Wells Fargo & Co, which became the fourth-largest U.S. bank when it bought troubled Wachovia Corp, off 10.2 percent. Wells Fargo is scheduled to report results on January 28.
WEILL MODEL ABANDONED Continued...
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