Posts Tagged ‘mark to market’

Is Bank of America Worth $200 Billion?

Written on 12 May, 2011 at 1:30

Bank of America bought Countrywide for $4 billion and change. That sounds funny to me now. You've got to admit it. The idea that someone would PAY money for Countywide has to make you giggle at least... (Continue reading)

Howie Hubler’s Loan Value Group… Proof That Wall Street Has No Idea What’s Happening on Main Street

Written on 1 Nov, 2010 at 9:13

Want to know who Howie Hubler is? Did you read Michael Lewis' book, "The Big Short," because if you did, you might remember Lewis mentioning a bond trader at Morgan Stanley that lost the investment bank $9 BILLION... more... (Continue reading)

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Wells Fargo’s Surprising Profits? Time to Go Short…

Written on 14 Apr, 2009 at 4:11

Oh, hell... the fact is, tying the amount of "credit extended" to TARP funds is ridiculous. The TARP funds were invested by the government to recapitalize banks, not to provide funds that would be lent to borrowers, and making statements... (Continue reading)

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