BOA Berstein Says Sell Bank Stocks-Now

Discussion in 'Economy' started by Annie, Mar 24, 2009.

  1. Annie
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    Annie Diamond Member

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    That doesn't sound good...

    Bank of America’s Bernstein Says Sell Bank Stocks After Rally - Bloomberg.com

     
  2. editec
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    editec Mr. Forgot-it-All

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    If a bank is insolvent we ought to nationalize it.

    Hell by insuring their deposits and taking over their toxic debts we're nationalizing their risks anyway.

    Am I wrong or is all that will do is allow them to make the same damned greed driven risks they took to got us here to begin with?

    We keep bailing out the wealthy why, exactly?
     
  3. wimpy77
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    wimpy77 Member

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    i'm going to say this one more time. nationalizing a fucking bank would be a fucking disaster trust me. besides this little advice had nothing to do with the fact that he's leaving BAC next month now does it.
     
    Last edited: Mar 24, 2009

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