News Focus
News Focus
icon url

BradL45

05/06/09 12:48 AM

#4855 RE: DewDiligence #4854

Phone ringing off the hook tonight, lots of chatter.


!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BAC and WFC, nice moves this week, maybe some pain at the open, but this market is very tough to predict, with the Fed's printing press working overtime.
icon url

WID

05/06/09 1:39 AM

#4856 RE: DewDiligence #4854

Dew:

Thanks for the news. I have read a lot of reports on this issue and I believed that the $34 bil. capital needs comes from an estimate I respect your research but it is hard to believe the amount of capital needs ($35 bil) for BAC. It seems to me that the source of the number comes from FBR.

I don't know if we should believe this number or wait until tomorrow to see press release from BAC or the FED. I know that all the banks have a gag order not to disclose the stress test info to public until the market close on Thursday.

Thanks!
WID
icon url

KingofPennies

05/06/09 6:22 AM

#4864 RE: DewDiligence #4854

Exactly as I have been saying all along. Lewis has to go. He's not trustworthy. Burnacke said he never told Lewis BAC had to buy Merrill. Lewis said he did. Lewis said $10B. Now we find out it's $35B. It's very very obvious that Lewis has to go. Shareholders revolt and get rid of this cheat!