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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 06:00 PM Original message |
Bank of America to pay $713 million in TARP Preferred Dividends (Bloomberg) |
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Skink (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 06:13 PM Response to Original message |
1. Since when did the Government buy preffered shares? |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 06:16 PM Response to Reply #1 |
2. That's what the T.A.R.P. program was all about. |
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lyonn (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 06:21 PM Response to Reply #2 |
3. Sounds like the govt. did something right back in Oct.? |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 06:28 PM Response to Reply #3 |
4. The idea that the government just simply wrote checks to these institutions is false.. |
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Skink (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 07:00 PM Response to Reply #4 |
5. The noise machine must have done a good job hiding the fact that we got preffered stock. |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 08:18 PM Response to Reply #3 |
7. That won't be known until all dividends and interest are paid, and the TARP beneficiaries |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 07:07 AM Response to Reply #3 |
15. Nope |
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HamdenRice (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 08:27 AM Response to Reply #15 |
16. It is not .1% return. It's 5% rising to 9% so it's not a "drop in the bucket" |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 08:55 AM Response to Reply #16 |
17. There's the catch |
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HamdenRice (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 06:54 AM Response to Reply #1 |
13. Jesus, Mary and Joseph -- some of us have been writing about preferred stock for months |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 08:02 PM Response to Original message |
6. Loans are still going bad faster than the banks are making money.. |
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marketcrazy1 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 10:08 PM Response to Reply #6 |
8. we gave them |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 10:20 PM Response to Reply #6 |
9. You do realize the article from the BLNZ site is 43 days old, right? |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 10:37 PM Response to Reply #9 |
10. Until and unless we see BOA's balance sheet, this press release is meaningless. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 12:37 AM Response to Reply #10 |
12. I was wrong about the "usually overnight" reference. My apologies. |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 11:49 AM Response to Reply #10 |
18. Balance Sheets are Public Information |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 04:01 PM Response to Reply #18 |
19. But that's just the thing.. |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 09:11 PM Response to Reply #19 |
21. Everybody Knows the Balance Sheet |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 10:29 PM Response to Reply #21 |
22. I find this line of reasoning a bit silly. |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:16 AM Response to Reply #22 |
27. I Understand What You're Saying |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 12:13 AM Response to Reply #21 |
23. The balance sheet is steer droppings |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:55 AM Response to Reply #9 |
24. TD is one of the contributors at Naked Capitalism, which is run by this guy: |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 05:19 AM Response to Reply #24 |
25. Thanks Hannah. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Apr-03-09 11:49 PM Response to Original message |
11. A little more information.. |
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HamdenRice (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 06:55 AM Response to Reply #11 |
14. Point of info -- it only slashed dividends on common, not preferred |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Sat Apr-04-09 04:09 PM Response to Reply #14 |
20. yes, but the point is that in the big picture, they aren't looking very healthy. |
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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:25 AM Response to Original message |
26. Estimated US taxpayer cost for bailout jumps |
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