so BAC diluted there shareholders by 15% and were able to sell
shares up here with a PE of 154....so that they could payback
45B...with the company market cap of 119B...WITH A PE of 154!!
where did they find investors to throw 19B into a company with a
154PE am I missing something...I know there's got to be someone
here smarter than me that could explain
as we say in the UK, people are thicko's when it comes to
investing and they believe everything their broker tells them. When
the retired folk have to take a job so they can eat because they
lose their investment when BAC really shows it's true colours it
will be too late. We know they are liars cheats and thieves
BAC will not be allowed to fail and they can use Free FED Money
to buy 10 and 20 year Treasuries and have us pay them 3.5% average
interest on those and have enough booksheet assets to look
profitable...
so they use the FED's fake money to buy OUR debt and then
collect interest payments from us (which are our taxes) all the
while eroding our purchasing power.
the too big too fail are part of the fraud fed franchise!
BAC
Posted by dylan398 on 9th of Dec 2009 at 03:55 pm
so BAC diluted there shareholders by 15% and were able to sell shares up here with a PE of 154....so that they could payback 45B...with the company market cap of 119B...WITH A PE of 154!!
where did they find investors to throw 19B into a company with a 154PE am I missing something...I know there's got to be someone here smarter than me that could explain
people are thicko's
Posted by parki48 on 9th of Dec 2009 at 04:48 pm
as we say in the UK, people are thicko's when it comes to investing and they believe everything their broker tells them. When the retired folk have to take a job so they can eat because they lose their investment when BAC really shows it's true colours it will be too late. We know they are liars cheats and thieves
BAC
Posted by whistlebear on 9th of Dec 2009 at 04:16 pm
I think it was the FED, but they will never admit to that. They want everybody to continue to believe in this Magic Show.
Title: it goes back to
Posted by macnsc on 9th of Dec 2009 at 04:03 pm
BAC will not be allowed to fail and they can use Free FED Money to buy 10 and 20 year Treasuries and have us pay them 3.5% average interest on those and have enough booksheet assets to look profitable...
so they use the FED's fake money to buy OUR debt and then collect interest payments from us (which are our taxes) all the while eroding our purchasing power.
the too big too fail are part of the fraud fed franchise!
BANKING IS BOOMIN' BUY BAC!
You describe exactly the story
Posted by mark09 on 9th of Dec 2009 at 04:08 pm
You describe exactly the story from that Jekyll Island audio post the other day about how the Fed and banking system really work.