The plan calls for the investors to pay about $5 a share, according to people familiar with the situation. As a result of the injection, Corsair will hold a 9.9% stake in National City. In 4 p.m. New York Stock Exchange composite trading Friday, National City shares fell 16 cents to $8.33.
Read full article here.
I can’t wait to get my clean hands on some of these fascinating bank shares. Kind of sweet seeing deals get done so far below closing trading prices. Makes you feel all warm and fuzzy about our wonderful banking system, doesn’t it?
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suck
When the shell cases get to droppin, it don’t bother me.
Well, Fry, the bullisht news in this is that WM diluted their own shareholders at much less of a discount than NCC. So the banks that matter still command a “premium.”
Yet again you look at the wrong outcome. A top ten mortgage originator crashing share prices is good news, because, it has been priced in. The shareholders on Friday did not realize that they were about to be priced in, however they are the past. The future is today, which is the obligatory kitchen sink quarter. After the kitchen sink has been thrown on top of you, the healing starts, and the good news is what we are looking at tomorrow. If not, Dick Cow is going to sping up on Sue’s big tit on financial entertainment tv and tell everyone that I am right.
update.. tomorrow BAC is going to be priced in.
Moron.
Not true.
WM discounted by 35%, no?
I guarantee WM will need to raise capital every quarter this year.
Calvino:
Has the inevitable death of Warren Buffet been priced in?
A rather odd and interesting question to ponder, over a mid-night dinner.
I do not rush anyone’s demise, however the douchebag of Omaha debanked me with his 10,000 spy contracts the day he came to fingefuck with becky quickie before the open, while relating his sanguine views of the market. so fuck you fossil douchebag of oracle omaha.
I thought it was 8.75/sh vs 10.15 mkt, for 50% of WM. However, I was being sarcastic, since the value of either bank is basically 0.
SHLD Sears Hldg: Bank of America declines to renew credit pact (104.72 +0.96)
CO announces in an 8-K, on April 14, 2008, Bank of America, N.A., as Issuing Bank under the Letter of Credit Agreement dated as of August 13, 2004, as amended (the “LC Agreement”), among Sears Holdings Corporation, Sears Roebuck Acceptance Corp., Sears, Roebuck and Co. and Kmart Corporation and Bank of America, N.A., advised us that it would not agree to renew the LC Agreement under its existing terms. The current term of the LC Agreement, which is a 364-day secured facility with a commitment amount of up to $1.0 bln, is scheduled to end in July 2008. At April 18, 2008, only $1.6 mln lion in letters of credit were outstanding under the LC Agreement, which provides solely for the issuance of letters of credit and does not provide for direct borrowings. Substantially all of our outstanding letters of credit are issued under our $4.0 bln, five-year revolving credit facility (expiring March 2010), which has a $1.5 billion letter of credit sublimit (the “$4 blnRevolver”).
good old shld, got stopped out of that short when they got pumped by the old friends at thestreetdotcom to a hundred.
Half the site has been awol this weekend Fly.
Your previous post is still giving 404 (no page).
Who induced you to run the site on IIS?
fsdz
Also there’s some nice php and mysql puke running down the sides of the peanut gallery:
C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\rss-functions.php on line 3 PHP Notice: Use of undefined constant WPINC – assumed ‘WPINC’ in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\rss-functions.php on line 3 PHP Warning: main(ABSPATHWPINC/rss.php): failed to open stream: No such file or directory in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\rss-functions.php on line 3 PHP Fatal error: main(): Failed opening required ‘ABSPATHWPINC/rss.php’ (include_path=’C:/inetpub/vhosts/webmail/horde/pear;./lib;.;./includes;./pear’) in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\rss-functions.php on line 3 PHP Notice: Use of undefined constant DB_USER – assumed ‘DB_USER’ in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\wp-db.php on line 409 PHP Notice: Use of undefined constant DB_PASSWORD – assumed ‘DB_PASSWORD’ in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\wp-db.php on line 409 PHP Notice: Use of undefined constant DB_NAME – assumed ‘DB_NAME’ in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\wp-db.php on line 409 PHP Notice: Use of undefined constant DB_HOST – assumed ‘DB_HOST’ in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\wp-db.php on line 409 PHP Fatal error: Call to undefined function: wp_die() in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-includes\wp-db.php on line 404
PHP Warning: mysql_result(): Unable to jump to row 8 on MySQL result index 5 in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-content\themes\blueline-10\blueline-10\databasetest.php on line 69 PHP Warning: mysql_result(): Unable to jump to row 8 on MySQL result index 5 in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-content\themes\blueline-10\blueline-10\databasetest.php on line 70 PHP Warning: mysql_result(): Unable to jump to row 8 on MySQL result index 5 in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-content\themes\blueline-10\blueline-10\databasetest.php on line 71 PHP Warning: mysql_result(): Unable to jump to row 9 on MySQL result index 5 in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-content\themes\blueline-10\blueline-10\databasetest.php on line 73 PHP Warning: mysql_result(): Unable to jump to row 9 on MySQL result index 5 in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-content\themes\blueline-10\blueline-10\databasetest.php on line 74 PHP Warning: mysql_result(): Unable to jump to row 9 on MySQL result index 5 in C:\Inetpub\vhosts\ibankcoin.com\httpdocs\peanut_gallery\wp-content\themes\blueline-10\blueline-10\databasetest.php on line 75
WordPress database error: [Table ‘ibankcoin2.wp_pg_terms’ doesn’t exist]
SELECT t.*, tt.* FROM wp_pg_terms AS t INNER JOIN wp_pg_term_taxonomy AS tt ON t.term_id = tt.term_id WHERE tt.taxonomy IN (‘category’) ORDER BY t.name ASC
WordPress database error: [Table ‘ibankcoin2.wp_pg_posts’ doesn’t exist]
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and trying to get to a listing of any author on the pg gives a great big old 404.
My guess is you’re using php with IIS and a mysql backend. You might want to rethink that and go with an Apache web server. I hear they’re more stable than MS.
cuervo/jeremy/fly-
IIS? are you fucking kidding me?
jesus fucking christ, move it to some unix based box.
no wonder the sites performance is hit and miss.
fly – if you dont understand what i just said, basically you are driving a YUGO, when you could be driving LEXUS for the same price.
http://www.house.gov/paul/tst/tst2008/tst041308.htm
Ron Paul on the bank bailouts. At least one person in government gets it. Sadly, its only one.
Fly you need a machine to run this shitbox on? I have plenty of machines if you need one but sorry to say I don’t allow people to run polished turds on my boxes ala IIS.
By the way Danica Patrick is the biggest cunt around. So deserving of a spot on CNBC. Slut.
http://www.marketwatch.com/news/story/market-timers-caution-good-sign/story.aspx?guid=%7B0B47C12D%2D9748%2D4004%2DA78B%2DA6265CD6BD5F%7D
get drunk and buy stocks.
Now is the time to buy the ag/steel/energy complex. Do it now or i will come to your house and kill you.
fuck this shit about it being “priced in” these banks are full of incompetent losers who keep on fucking up
Fly:
RSS feeds are not working. Neither is link on Entries (RSS) at bottom of page.
cuervoslaugh is correct. You should use Apache (with WAMP bundle). IIS sucks.
http://www.youtube.com/watch?v=3AdFA6WWJ7E
oil bubble?
http://image.minyanville.com/assets/FCK_Aug2007/File/Pics12/sg2008042132460.gif
chart of ndx vs earl, courtesy of minyanville
The “Kitchen Sink” analogy is no longer valid, by virtue of the fact that there is an endless supply of kitchen sinks.
Zenprofit:
WAMP …. surely you error … try LAMP bundle.
I can’t add karma to Juice about Ron Paul
This is great, saw it on The Big Picture.
http://www.realscoop.com/content/ceo-bear-stearns-firms-collapse/
Gregory:
LAMP would do the job better, but would not require switch to Linux.
I don’t believe Fly understands Linux box would be better than a Windoesn’t box. He already made his bet.
Gaming the sector rotation trade is quickly becoming the equivalent to high stakes whack-a-mole.
Someone please post the playbook. Who’s next after materials and energy?
Whack a Mole,
that’s easy. No one is next. The market is headed straight down from here.
Wood, what does Cajun say? That’s all we care about.
BanD, that’s funny.
You’ll have to read his blog.
Woody, you found the Water Closet in the woods. What the heck? I can never go against your calls, knowing you have played with Gwar.
To all the thumb ticks who negative karmaed me, go pucker the douchebag of Omaha’s asshole – and eat a piece of his shit while you are at it.
Calvino has a way with words.
Fly:
Can’t read Cajun’s blog page.
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