[Coronita]

Ah yes, found the thread.

 

http://piggington.com/bank_of_america_to_buy_countrywide_for_4billion

…See my comment 4-5th down…Reposted here…

 

 ——

 

The biggest question here is: Did BofA guess right, or wrong? The acquisition was at a considerable discount from the previous market cap, but the company is in disarray, with many thinking the worst is yet to come. It will be interesting to see how this plays out.

My guess is that they won't be doing the cleanup without assistance from the Gov. I'm sure they'll get some deal from the Fed. Fed will just use BofA as a proxy to do the toxic cleanup. I wasn't kidding in the previous post about all BofA doing "one time restructing charges" for the next couple of quarters or years….They'll just keep playing the game "we beat estimates before the one time charges", but here are the one time charges related to the CFC acquisition. You spread the loss over a couple of quarters over a few years, with the assistance of cash infusion from Fed or foreign companies ,possibly sell off some of this toxic waste at a huge discount to offshore investors, and in a few years, problem magically goes away. Lol….

 

They're already starting to play this game:

Bank of America expects a $1.2 billion restructuring charge from the transaction, and said it will need a couple of billion dollars of new capital to help preserve its capital ratios.

The next time, it will be another 1.2 billion. Do this across 8 quarters, you got a nice 10.6 billion in charges you just passed through over the course of 2 years, while still being able to look great to wall street ("it was only the one time restructuring charges".) This would be great for BofA to clean their own house too, everything bad is related to the restructuring.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, found the thread.

 

http://piggington.com/bank_of_america_to_buy_countrywide_for_4billion

…See my comment 4-5th down…Reposted here…

 

 ——

 

The biggest question here is: Did BofA guess right, or wrong? The acquisition was at a considerable discount from the previous market cap, but the company is in disarray, with many thinking the worst is yet to come. It will be interesting to see how this plays out.

My guess is that they won't be doing the cleanup without assistance from the Gov. I'm sure they'll get some deal from the Fed. Fed will just use BofA as a proxy to do the toxic cleanup. I wasn't kidding in the previous post about all BofA doing "one time restructing charges" for the next couple of quarters or years….They'll just keep playing the game "we beat estimates before the one time charges", but here are the one time charges related to the CFC acquisition. You spread the loss over a couple of quarters over a few years, with the assistance of cash infusion from Fed or foreign companies ,possibly sell off some of this toxic waste at a huge discount to offshore investors, and in a few years, problem magically goes away. Lol….

 

They're already starting to play this game:

Bank of America expects a $1.2 billion restructuring charge from the transaction, and said it will need a couple of billion dollars of new capital to help preserve its capital ratios.

The next time, it will be another 1.2 billion. Do this across 8 quarters, you got a nice 10.6 billion in charges you just passed through over the course of 2 years, while still being able to look great to wall street ("it was only the one time restructuring charges".) This would be great for BofA to clean their own house too, everything bad is related to the restructuring.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, found the thread.

 

http://piggington.com/bank_of_america_to_buy_countrywide_for_4billion

…See my comment 4-5th down…Reposted here…

 

 ——

 

The biggest question here is: Did BofA guess right, or wrong? The acquisition was at a considerable discount from the previous market cap, but the company is in disarray, with many thinking the worst is yet to come. It will be interesting to see how this plays out.

My guess is that they won't be doing the cleanup without assistance from the Gov. I'm sure they'll get some deal from the Fed. Fed will just use BofA as a proxy to do the toxic cleanup. I wasn't kidding in the previous post about all BofA doing "one time restructing charges" for the next couple of quarters or years….They'll just keep playing the game "we beat estimates before the one time charges", but here are the one time charges related to the CFC acquisition. You spread the loss over a couple of quarters over a few years, with the assistance of cash infusion from Fed or foreign companies ,possibly sell off some of this toxic waste at a huge discount to offshore investors, and in a few years, problem magically goes away. Lol….

 

They're already starting to play this game:

Bank of America expects a $1.2 billion restructuring charge from the transaction, and said it will need a couple of billion dollars of new capital to help preserve its capital ratios.

The next time, it will be another 1.2 billion. Do this across 8 quarters, you got a nice 10.6 billion in charges you just passed through over the course of 2 years, while still being able to look great to wall street ("it was only the one time restructuring charges".) This would be great for BofA to clean their own house too, everything bad is related to the restructuring.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, found the thread.

 

http://piggington.com/bank_of_america_to_buy_countrywide_for_4billion

…See my comment 4-5th down…Reposted here…

 

 ——

 

The biggest question here is: Did BofA guess right, or wrong? The acquisition was at a considerable discount from the previous market cap, but the company is in disarray, with many thinking the worst is yet to come. It will be interesting to see how this plays out.

My guess is that they won't be doing the cleanup without assistance from the Gov. I'm sure they'll get some deal from the Fed. Fed will just use BofA as a proxy to do the toxic cleanup. I wasn't kidding in the previous post about all BofA doing "one time restructing charges" for the next couple of quarters or years….They'll just keep playing the game "we beat estimates before the one time charges", but here are the one time charges related to the CFC acquisition. You spread the loss over a couple of quarters over a few years, with the assistance of cash infusion from Fed or foreign companies ,possibly sell off some of this toxic waste at a huge discount to offshore investors, and in a few years, problem magically goes away. Lol….

 

They're already starting to play this game:

Bank of America expects a $1.2 billion restructuring charge from the transaction, and said it will need a couple of billion dollars of new capital to help preserve its capital ratios.

The next time, it will be another 1.2 billion. Do this across 8 quarters, you got a nice 10.6 billion in charges you just passed through over the course of 2 years, while still being able to look great to wall street ("it was only the one time restructuring charges".) This would be great for BofA to clean their own house too, everything bad is related to the restructuring.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, found the thread.

 

http://piggington.com/bank_of_america_to_buy_countrywide_for_4billion

…See my comment 4-5th down…Reposted here…

 

 ——

 

The biggest question here is: Did BofA guess right, or wrong? The acquisition was at a considerable discount from the previous market cap, but the company is in disarray, with many thinking the worst is yet to come. It will be interesting to see how this plays out.

My guess is that they won't be doing the cleanup without assistance from the Gov. I'm sure they'll get some deal from the Fed. Fed will just use BofA as a proxy to do the toxic cleanup. I wasn't kidding in the previous post about all BofA doing "one time restructing charges" for the next couple of quarters or years….They'll just keep playing the game "we beat estimates before the one time charges", but here are the one time charges related to the CFC acquisition. You spread the loss over a couple of quarters over a few years, with the assistance of cash infusion from Fed or foreign companies ,possibly sell off some of this toxic waste at a huge discount to offshore investors, and in a few years, problem magically goes away. Lol….

 

They're already starting to play this game:

Bank of America expects a $1.2 billion restructuring charge from the transaction, and said it will need a couple of billion dollars of new capital to help preserve its capital ratios.

The next time, it will be another 1.2 billion. Do this across 8 quarters, you got a nice 10.6 billion in charges you just passed through over the course of 2 years, while still being able to look great to wall street ("it was only the one time restructuring charges".) This would be great for BofA to clean their own house too, everything bad is related to the restructuring.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

You know..I did call this a few posts ago… Let me dig the thread up… 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

You know..I did call this a few posts ago… Let me dig the thread up… 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

You know..I did call this a few posts ago… Let me dig the thread up… 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

You know..I did call this a few posts ago… Let me dig the thread up… 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

You know..I did call this a few posts ago… Let me dig the thread up… 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

ILCV,

You know, you're getting awefully defensive about Pardee community, aren't you? I was half joking yesterday. But no offense, you seem to be in a state of denial in thinking that this particular complex is the hottest selling, "holding value/ or will hold value" versus the rest of CV…etc. Are you sure you don't work for Pardee, or don't live in this community???? Don't get me wrong, I live in CV myself and it's a nice community in general. But let's put things in perspective..If you like everyone else bought into DH over the past 2 years and you didn't you pay all cash, or near all cash, you're already or going to be very soon underwater, just by the interest payments alone…. because prices are definitely NOT rising. So, I really don't get what's the big deal in thinking prices are going to move up $20-30 or even $50k. It doesn't matter, most people who are on jumbo loans who bought recently past 2-3 years are already underwater. And some of those who bought in 2004 are getting close to being underwater. You think DH has appreciated by 20+% since the time you bought?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

ILCV,

You know, you're getting awefully defensive about Pardee community, aren't you? I was half joking yesterday. But no offense, you seem to be in a state of denial in thinking that this particular complex is the hottest selling, "holding value/ or will hold value" versus the rest of CV…etc. Are you sure you don't work for Pardee, or don't live in this community???? Don't get me wrong, I live in CV myself and it's a nice community in general. But let's put things in perspective..If you like everyone else bought into DH over the past 2 years and you didn't you pay all cash, or near all cash, you're already or going to be very soon underwater, just by the interest payments alone…. because prices are definitely NOT rising. So, I really don't get what's the big deal in thinking prices are going to move up $20-30 or even $50k. It doesn't matter, most people who are on jumbo loans who bought recently past 2-3 years are already underwater. And some of those who bought in 2004 are getting close to being underwater. You think DH has appreciated by 20+% since the time you bought?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

ILCV,

You know, you're getting awefully defensive about Pardee community, aren't you? I was half joking yesterday. But no offense, you seem to be in a state of denial in thinking that this particular complex is the hottest selling, "holding value/ or will hold value" versus the rest of CV…etc. Are you sure you don't work for Pardee, or don't live in this community???? Don't get me wrong, I live in CV myself and it's a nice community in general. But let's put things in perspective..If you like everyone else bought into DH over the past 2 years and you didn't you pay all cash, or near all cash, you're already or going to be very soon underwater, just by the interest payments alone…. because prices are definitely NOT rising. So, I really don't get what's the big deal in thinking prices are going to move up $20-30 or even $50k. It doesn't matter, most people who are on jumbo loans who bought recently past 2-3 years are already underwater. And some of those who bought in 2004 are getting close to being underwater. You think DH has appreciated by 20+% since the time you bought?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

ILCV,

You know, you're getting awefully defensive about Pardee community, aren't you? I was half joking yesterday. But no offense, you seem to be in a state of denial in thinking that this particular complex is the hottest selling, "holding value/ or will hold value" versus the rest of CV…etc. Are you sure you don't work for Pardee, or don't live in this community???? Don't get me wrong, I live in CV myself and it's a nice community in general. But let's put things in perspective..If you like everyone else bought into DH over the past 2 years and you didn't you pay all cash, or near all cash, you're already or going to be very soon underwater, just by the interest payments alone…. because prices are definitely NOT rising. So, I really don't get what's the big deal in thinking prices are going to move up $20-30 or even $50k. It doesn't matter, most people who are on jumbo loans who bought recently past 2-3 years are already underwater. And some of those who bought in 2004 are getting close to being underwater. You think DH has appreciated by 20+% since the time you bought?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

ILCV,

You know, you're getting awefully defensive about Pardee community, aren't you? I was half joking yesterday. But no offense, you seem to be in a state of denial in thinking that this particular complex is the hottest selling, "holding value/ or will hold value" versus the rest of CV…etc. Are you sure you don't work for Pardee, or don't live in this community???? Don't get me wrong, I live in CV myself and it's a nice community in general. But let's put things in perspective..If you like everyone else bought into DH over the past 2 years and you didn't you pay all cash, or near all cash, you're already or going to be very soon underwater, just by the interest payments alone…. because prices are definitely NOT rising. So, I really don't get what's the big deal in thinking prices are going to move up $20-30 or even $50k. It doesn't matter, most people who are on jumbo loans who bought recently past 2-3 years are already underwater. And some of those who bought in 2004 are getting close to being underwater. You think DH has appreciated by 20+% since the time you bought?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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