POOF! Your Credit Crisis is Over!
Indeud.
BAC Bank of America: Fitch places Bank of America’s Individual Rating on rating watch positive (16.19 -0.09) Fitch placed its ‘D’ Individual ratings for Bank of America and its operating subsidiaries on Rating Watch Positive. Fitch has affirmed the Issuer Default Ratings (IDRs) of BAC and its subsidiaries, which are derived from U.S. government support and continue to carry a Stable Rating Outlook. Ratings of long and short-term deposits, long-term and short-term debt, and subordinated debt (with the exception of First Republic Bank are affirmed… BAC’s overall risk profile has begun to improve, with the potential for requiring additional government support or needing to omit dividends on preferred stock beginning to recede. Accordingly, Fitch has upgraded the preferred stock rating of BAC to ‘BB-’ from ‘B.’ At the same time, Fitch has placed all preferred and trust preferred ratings of BAC and its affiliates on Rating Watch Positive. Earnings remain under pressure, as BAC posted a narrow loss to common shareholders in the most recent quarter after noncash and nonrecurring items are factored out. Asset quality problems remain severe, with loan loss provisions remaining high. However, with a recent slower rate of deterioration in problem assets the pace of reserve build has begun to decelerate, which could indicate the potential for a near-term peak in problem assets.
NOTE: Mr. Woodshedder is about to launch his Power Dip System. Check it out.
indeud.
Fly, could you put another asshat on Timmy? I hereby nominate Nick Cage to replace him as Treasury Secretary
Cheers! And good luck with GMCR - right there with ya buddy…and oh yeah, kill the crappy raptubes and stick with the Chariman of the board…intrepid!
Chet Baker rocks the casbah too…
Same rating agency that got it so right in 2007. Ha Ha
Glass always half empty
No, just always a skeptic. Doubt all before you believe
That’s not going to make you any money.
I have made plenty of money being skeptic of numbers put out by the government media complex and the bullshit banks, and other bullshit CFO’s.
For shits and giggles I’ll post some of my shorts: LVS, BAC, TOL, MAR, GE, SPY
Sweet. Now bring on the currency crisis.
Witch (sic) crisis?
V.King was here….
LMFAO
http://www.occ.treas.gov/ftp/release/2009-114a.pdf pg.22
http://www.bis.org/statistics/otcder/dt1920a.pdf
Dreamingggggggggggggggg….
Indeed!!
those numbers are all fake
You don’t see the problems inherent in this “small” number?
“The notional value of derivatives held by U.S. commercial banks increased $1.5 trillion in the second
quarter, or 0.7%, to $203.5 trillion.”
Report from “Comptroller of the Currency, Administrator of National Banks”
V.King deserves his own blog for the pictures of hot chicks alone. Plus, he’s more interesting to read than JAKEGINT.
That’s a negative, Ghostrider.
Why all the hate on poor Jake lately?
My banging on Dave’s homie, Barack, no doubt, has got the Axel- Nimrods out in force.
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I hate all politicians,lawyers & lying scum equally. Rip on them all you like.
Jake should put some pictures of hot chicks on his blog. It would help him get more readers.
Check the archives.
Been, done.
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Frank rules!!
Rating Agencies rule.
Holy shit, was there ever anyone ever as good as Frank at his peak?
Will there every be anyone?
Dave’s vote for Taylor Swift notwithstanding?
++++++++++++++
Sinatra was great - saw him in person ..by the way, respecting your opinion - what was the best kid’s book you ever read your progeny? And do you know what kid’s author everybody reads or is terribly popular in the UK?
I don’t get the swiftmania either…and just because I like you…
http://www.youtube.com/watch?v=AbndgwfG22k&feature=related
http://www.youtube.com/watch?v=_N3_odXXOO0&feature=channel
cheers!
Mrsbuttons
Whose [sic] Dave?
“I’m sorry, Dave. I’m afraid I can’t do that. ”
That Dave?
Maybe they get different interwebs out by Jupiter way.
BTW, Jake please keep up your hammering of the President, and the congress. Just keep it in good taste and respectful of the office. If we only had one side, we would end up like the Soviets did, shopping in empty stores for rotten potatoes.
No,
The “Dave’s not here” Dave from Cheech & Chong …
That Dave.
Having said that, do you respect wood?
lol. Larry David.
I don’t care what Fly says, Dean Martin had the voice of an angel. Too bad he was always so drunk.
http://www.youtube.com/watch?v=RfAHBVMguDQ
Yeah, I went to Radio Shack and got my adaptor extension plug, as necassary.
Now I’m inceasingly worried about this market beingstretched taut.
Caeh-full.
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