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The ones I truly feel sorry for are BOA small shareholders, people with IRAs, 401ks, company stock. The government literally forced them to take huge losses so ML shareholders wouldn't be totally wiped out or get a worse price from another buyer. Bizarre. Absolutely fucking bizarre.

Ditto. And even if they cite the emergency powers (by fiat), it was a total coercion on BOA. Paulson told them sign or we'll fuck you and raise your capital level requirements. BEst argument you have for supporting the Fed's action is force majeuer. Catastrophic acts were forcing the FEd to do...

I disagree that they clearly have the authority. To me, and many others, that is clearly a gray area here; you are basically arguing that the Fed has carte blanche authority. That can't be the case, for it would mean an actual nationalization. Even with a take over of a insolvent bank, the Fed...

They forced the merger not to save the system -- that is total PR and bullshit. They did it to save ML. That's all. And they didn't give a shit if BOA shareholders got screwed. Read Walsh's memo. What the fuck is the Richmond Fed president doing giving lame-brained M&A advice?

Explain specifically how the consequences, specifically, would be staggering if someone else had bought ML at a lower price, a la Bear, or not at all, a la Lehman? What would happen besides ML shareholders getting wiped out and bond holders taking a huge haircut? You are parroting the same...

I repeat show me a case where the Fed ordered a bank to take over another one or the board and senior management would be ousted. Has never happened. Ever. Not even close.

Show me a specific example of a Fed chairman doing what the Fed did to a bank. The Fed, to my knowledge, has never forced one bank to buy or run of receive assets of another bank when they go belly up. They ask. They don't force. Huge difference. Espcially with a publicly traded company, with...

Dude, I spend half my time in Sydney, and trust me Australia is not in recession and China is still cooking at 3% to 4% growth a year. Yeah, Wall Street fucked up Europe bad. But the decoupling theory is reemerging, or at least a semi-decoupling. America is fucked because they don't let the...

What bullshit. Let's say ML went bankrupt. Big deal. You own unsecured stock or bonds? You knew the risk when you bought it. No different than an internet fly-by-night. Show me any example or evidence or even specific scenario where a collapse of one company or two or three or whatnot, in a...

ML collapsing would not have killed the country any more than Bear Stearns or Lehman's collapse. That's a scare tactic that the master salesmen on Wall Street and their cronies at the Fed and in Treasury peddle like a hot stock and have been ever since LTCM. And the idiots in Washington and...

I assume you own no stocks, because if you did the practice of the government, effectively, forcing a publicly traded company to cut its own throat (and violate its legal fiduciary duty to its shareholders) simply to make political appointees like the Fed members and a Treasury Secretary happy...

I think Bernanke is counting on the stupidity of the American public. They have no clue what's been going on. This is all so Nixonian.

Instead of buying bonds and monetizing debt, Bernanke better start buying BOA common big time, because until that stock gets to where it would have been pre-Merrill merger there are going to be shareholders and AG's and investigators and journalists looking to put him away. More shareholders...

Somebody is going to jail for this. You watch. I bet this is Bernanke's Watergate. Man, if I was a BOA shareholder .... Talk about abuse of power if not outright theft.

Castro getting ready to kick the bucket and some folks have an inside track? This sucker will pop to 15 the day he dies.

What kind of options does this guy buy? Way OTM, Short or long-term? Undervalue in price or does he not care if you're paying a nickel or a dime? When does he take profits. I understand he is now into currencies. Does he do the same strategy. but options on cash for futures, wait for disaster...

Apologies. I figured out my idiocy.

I know something must be awry here, but I'm having a brain fart or something. Sell 1 near month EUR futures contract in account 1 Buy 1 near month EUR futures contract in account 2 Sell one EUR three-month put in account 1 Sell one EUR three-month call in account 2 Roll over both...

Any issues with the JO etf that I should be concerned about? Like daily negative compounding? The obscure part of an index it tracks? The type of coffee that this part of an index tracks. Coffee futures have been on a bit of a run here, and the etf has not quite matched the performance, so I...

Surprised more of this hasn't been happening lately. If someone scammed me big time, like Madoff, et cetera, I would consider hiring a pro .... especially if the scammer is out of the country, in a crime-friendly place. Improves the odds of getting away with it. What, like, the Bahamas is going...