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intelligentspeculator.net - 2/28/2009
When investing becomes a big giant gamble
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I wrote last week about how playing Bank of America was almost like going to the casino and indeed this week that is pretty much what it turned into with giant swings. Just today, Bank of America was down 30% at one point and finished the day about 2,5% down. The current environment has been ...

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Free Money Finance:  Carnival of Personal Finance

baselinescenario.com - 2/26/2009
No, Wait! You Got It Backwards!
— baselinescenario.com — There is nothing inherently wrong with convertible preferred stock. In Silicon Valley, for example, venture capitalists almost always invest by buying convertible preferred. The idea is that in the case of a bad outcome, the VCs are protected, because their shares have priority over the common ... (more) No, Wait! You Got It Backwards!

Comments vote down jamesykwak jamesykwak posted 2/26/2009posted this
Bank of America Already Dismantling the Merrill Franchise: The Cracks are Starting to Form
economicdiscourse.com - 2/26/2009
Bank of America Already Dismantling the Merrill Franchise: The Cracks are Starting to Form
— economicdiscourse.com — The WSJ reports that Bank of America is looking to sell First Republic Bank. The private bank that was purchased in 2007 from Merrill for $1.3 billion. This marks a critical point for the institution, it has turned to selling assets as a source of cash. Our own government could partly be at ... (more) Bank of America Already Dismantling the Merrill ...

Comments vote down drewb612 drewb612 posted 2/26/2009posted this
Bank of America’s gift to former MBNA CEO…
footnoted.org - 3/2/2009
Bank of America’s gift to former MBNA CEO…
— footnoted.org — Late Friday, Bank of America (BAC) filed its 10K and while there were lots of interesting things in the filing, the thing that jumped out at me was this agreement with former MBNA CEO Bruce Hammonds. Hammonds, whose retirement from Bank of America ... (more) Bank of America’s gift to former MBNA CEO…

Comments vote down Dealbreaker found this 3/2/2009found this
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Financial Ramblings
The Financial Blogger — ... There is so much fluctuation in the stock markets that Intelligent Speculator doesn’t know what to trade. Find out what happen when investing becomes a big gamble. Nonetheless, He ...

Carnival of Personal Finance
Free Money Finance — ... When investing becomes a big giant gamble - Recently, investors have been gravitating towards two main feelings; fear and hope.  Which is worse? In my opinion, both can have tragic impacts on a portfolio. ...

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More on Bank of America
baselinescenario.com 9/28/2009 — Last Wednesday I wrote a highly critical post about the agreement between Bank of America(BAC) and the government (Treasury, the Fed, and the FDIC) to terminate BAC’s asset guarantee agreement in exchange for a payment of $425 million. I’ve learned some more about this and I think ...
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