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This Quarter's Sentiment:
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SocialPicks Community
Pain moving up the stack
BAC
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Subprime has already been killed, but the next domino to fall is credit card debt and housing in the middle class where all the job losses are now occuring. Avoiding the subprime mess not enough in the next downturn in 2009. This call is likely early, but over 12 months it should pan out.
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Bullish on BAC ...
BAC
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It will be a successful M&A for Bank of America- too early to say but the two partners seem aligned at the top just in terms of complementary business portfolios, but BAC has a lot of these acquisitions in 2007 and MBNA in 2001
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Bullish on BAC ...
BAC
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The best positioned american bank to rank as a global financial powerhouse, completing all its portfolios withtt he mortgage, lasalle and the investment bank acquisitions
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The strong will survive.
BAC
BAC will need the government facility or else
BAC
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If the $700 billion government sponsored investment fund is not passed, then I believe there will be extreme pressure on Bank of America's balance sheet. With the mortgages they acquired from Countrywide as well as the CDOs and other securities instruments they will acquire from Merrill Lynch, they will need this facility in order to sell these securities and shore up their balance sheet.
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