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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:13 AM Original message |
Now, go figure; Bank of America profit falls 95% on writeoff, trading loss |
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NewJeffCT (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:15 AM Response to Original message |
1. Profits fall - but, they still had a profit |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:18 AM Response to Reply #1 |
3. Also, they expect to profit from the bailout... |
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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:19 AM Response to Reply #3 |
5. You may have a point, Cramer was talking on CNBC & said with the other 50 basis |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:31 AM Response to Reply #5 |
14. Not to mention... |
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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:35 AM Response to Reply #14 |
15. Hadn't thought of that, probably a sidestepping move by Bush to help bail |
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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:22 AM Response to Reply #1 |
10. Yeah, they did expect the loss, knew it was coming as with pretty much all |
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onyourleft (327 posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:17 AM Response to Original message |
2. They have been on an earnings conference call and... |
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L0oniX (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:18 AM Response to Original message |
4. So go figure how and why they took over CountryWide. |
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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:20 AM Response to Reply #4 |
6. They were talking about that too and questiong if they have the money to do it or how they |
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onyourleft (327 posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:22 AM Response to Reply #6 |
9. Countrywide deal expected to close in second quarter of 2008. |
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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:24 AM Response to Reply #9 |
11. Man, if they get the deal done, that will put a lot more debt on their books won't it, eom. |
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onyourleft (327 posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:25 AM Response to Reply #11 |
12. Won't it be a tax write off? (eom) |
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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:28 AM Response to Reply #12 |
13. Yeah, probably would in some way, you inherit the debt and everything and I am sure they |
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L0oniX (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:39 AM Response to Reply #6 |
16. Funny. I just paid off my morgage to Countrywide and I had to make the check out to BOA. |
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leftyladyfrommo (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:42 AM Response to Reply #16 |
17. BOA bought Countrywide. n/t |
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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:43 AM Response to Reply #17 |
18. Not yet, eom. |
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L0oniX (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:51 AM Response to Reply #18 |
19. If not then how would you explain paying BOA to pay off my mortgage with Countrywide? |
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EV_Ares (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:55 AM Response to Reply #19 |
20. No way to explain that if it occurred but they were even talking about the |
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Richard Steele (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:57 AM Response to Reply #19 |
21. BOA may have bought your mortgage from Countrywide. |
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onyourleft (327 posts) Send PM | Profile | Ignore | Tue Jan-22-08 11:01 AM Response to Reply #16 |
22. Our mortgage payments are still going to.... |
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L0oniX (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 11:44 AM Response to Reply #22 |
23. Yes mine were too but then when I wanted to pay of the mortgage I had to make the check out to BOA. |
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peacetalksforall (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:21 AM Response to Original message |
7. Why would these corporations allow Dick Cheney to let the situration get this |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Tue Jan-22-08 10:21 AM Response to Original message |
8. If you reconstruct BOA moves, we all should be very afraid... |
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