[justme]

Raptorduck sounds like a realtor troll that is trying to sow doubt about the bubble deflating, based on anecdotes of doubtful accuracy about Los Altos.

Dude, 14 houses and 2 Townhomes closed escrow in Los Altos in Sep. As of yesterday, there were 65 residences in MLS. That’s a 4month supply. Transactions are closing at slow pace.

Sure, Los Altos is a a entral “fortress” area of the SF Bay Area (LA, LAH, PA, MTV), and hence will be the last to cave. So what? Your thesis proves absolutely nothing.

[justme]

Raptorduck sounds like a realtor troll that is trying to sow doubt about the bubble deflating, based on anecdotes of doubtful accuracy about Los Altos.

Dude, 14 houses and 2 Townhomes closed escrow in Los Altos in Sep. As of yesterday, there were 65 residences in MLS. That’s a 4month supply. Transactions are closing at slow pace.

Sure, Los Altos is a a entral “fortress” area of the SF Bay Area (LA, LAH, PA, MTV), and hence will be the last to cave. So what? Your thesis proves absolutely nothing.

[justme]

Rustico,

The analysis you see above is from 2004-2005, right before the market peaked. At the time, very few people realized what was going on, and Patrick verbalized the truth years before it became common knowledge, which happened, oh, maybe last month.

Kudos to Patrick for his wirtings.

[justme]

Rustico,

The analysis you see above is from 2004-2005, right before the market peaked. At the time, very few people realized what was going on, and Patrick verbalized the truth years before it became common knowledge, which happened, oh, maybe last month.

Kudos to Patrick for his wirtings.

[justme]

Rustico,

The analysis you see above is from 2004-2005, right before the market peaked. At the time, very few people realized what was going on, and Patrick verbalized the truth years before it became common knowledge, which happened, oh, maybe last month.

Kudos to Patrick for his wirtings.

[justme]

The finer details of the deal is important. BofA has not bought any stock yet. They have given a loan under the guise of preferred stock with no voting rights. And they borrowed
(part of) the money from the Federal Reserve to do it.

Note that the implied dilution is 2B/18=111M shares or 17% when and if the time comes.

Note also how short-lived the epuhporic spike in the stock price was this morning. By now, the gain is down to $1,
and it was even lower earlier.

—

Under the terms of the deal, Charlotte, N.C.-based Bank of America acquired $2 billion in the form of nonvoting, convertible preferred stock yielding 7.25 percent annually, Countrywide said. The shares can be converted into common shares of Countrywide at $18 per share, with certain restrictions. That is 2B/18=111M shares or dilution of 17% when and if the time comes.

If Bank of America were to convert its shares under Countrywide’s current share count, it would hold between 16 percent to 17 percent of Countrywide shares, said Robert Stickler, a Bank of America spokesman.

—

Citigroup Inc., Bank of America Corp., J.P. Morgan Chase & Co. and Wachovia Corp. — the nation’s largest banks as measured by total assets — said they each borrowed $500 million from the so-called discount window.

[justme]

The finer details of the deal is important. BofA has not bought any stock yet. They have given a loan under the guise of preferred stock with no voting rights. And they borrowed
(part of) the money from the Federal Reserve to do it.

Note that the implied dilution is 2B/18=111M shares or 17% when and if the time comes.

Note also how short-lived the epuhporic spike in the stock price was this morning. By now, the gain is down to $1,
and it was even lower earlier.

—

Under the terms of the deal, Charlotte, N.C.-based Bank of America acquired $2 billion in the form of nonvoting, convertible preferred stock yielding 7.25 percent annually, Countrywide said. The shares can be converted into common shares of Countrywide at $18 per share, with certain restrictions. That is 2B/18=111M shares or dilution of 17% when and if the time comes.

If Bank of America were to convert its shares under Countrywide’s current share count, it would hold between 16 percent to 17 percent of Countrywide shares, said Robert Stickler, a Bank of America spokesman.

—

Citigroup Inc., Bank of America Corp., J.P. Morgan Chase & Co. and Wachovia Corp. — the nation’s largest banks as measured by total assets — said they each borrowed $500 million from the so-called discount window.

[justme]

The finer details of the deal is important. BofA has not bought any stock yet. They have given a loan under the guise of preferred stock with no voting rights. And they borrowed
(part of) the money from the Federal Reserve to do it.

Note that the implied dilution is 2B/18=111M shares or 17% when and if the time comes.

Note also how short-lived the epuhporic spike in the stock price was this morning. By now, the gain is down to $1,
and it was even lower earlier.

—

Under the terms of the deal, Charlotte, N.C.-based Bank of America acquired $2 billion in the form of nonvoting, convertible preferred stock yielding 7.25 percent annually, Countrywide said. The shares can be converted into common shares of Countrywide at $18 per share, with certain restrictions. That is 2B/18=111M shares or dilution of 17% when and if the time comes.

If Bank of America were to convert its shares under Countrywide’s current share count, it would hold between 16 percent to 17 percent of Countrywide shares, said Robert Stickler, a Bank of America spokesman.

—

Citigroup Inc., Bank of America Corp., J.P. Morgan Chase & Co. and Wachovia Corp. — the nation’s largest banks as measured by total assets — said they each borrowed $500 million from the so-called discount window.

[justme]

The original question is a bit of a strawman: The question is not whether CFC will “survive” or not. The question is whether the CFC stock will drop to $5 or below before all is said and done. Survival does not AT ALL equate with a stable stock price.

[justme]

The original question is a bit of a strawman: The question is not whether CFC will “survive” or not. The question is whether the CFC stock will drop to $5 or below before all is said and done. Survival does not AT ALL equate with a stable stock price.

[justme]

The original question is a bit of a strawman: The question is not whether CFC will “survive” or not. The question is whether the CFC stock will drop to $5 or below before all is said and done. Survival does not AT ALL equate with a stable stock price.

[justme]

Dude,

The reason public education has some troubles is that parents place their childrens authority above the teachers authority.
If we can all agree that the little angels are NOT “special”, and that teacher IS the authority, the problems will go away. It doesn’t have anything to to with the schools being public.

[justme]

Dude,

The reason public education has some troubles is that parents place their childrens authority above the teachers authority.
If we can all agree that the little angels are NOT “special”, and that teacher IS the authority, the problems will go away. It doesn’t have anything to to with the schools being public.

[justme]

This whole idea about “not insulting the sellers” is pure hogwash. Absolute drivel. WTF, nobody seems to care about whether sellers are insulting the buyers with their price-hyping mania and inflation-mongering greed.

Agents that advice their clients “not to insult the seller” really are saying “I think you should offer full list so that I can get my fat commission right now without doing any real work”.

If a seller wants to be insulted by whatever, I personally do not care. What makes them so holy? I’m supposed to spend 100k more so that the seller can feel good? Dream on.

[justme]

This whole idea about “not insulting the sellers” is pure hogwash. Absolute drivel. WTF, nobody seems to care about whether sellers are insulting the buyers with their price-hyping mania and inflation-mongering greed.

Agents that advice their clients “not to insult the seller” really are saying “I think you should offer full list so that I can get my fat commission right now without doing any real work”.

If a seller wants to be insulted by whatever, I personally do not care. What makes them so holy? I’m supposed to spend 100k more so that the seller can feel good? Dream on.

[Author]

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