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Ken Lewis Pumps Up Bank of America Stock then Steps Down?

Between January 20th and February 4th, Bank of America CEO Ken Lewis purchased 400,000 shares of BAC stock between the prices of $4.78 and $6.06.  He currently holds over 1.4 million shares in the banking giant.  On March 2nd, Ken Lewis made the statement that accepting so much TARP money was wrong and Bank of [...]

The Portal Alliance – The Demise of the United States Economy

Early in February, Subprime Blogger reported on an issue that many of you did not even know about: the Portal Alliance.  Comprised of the Who’s Who of who does NOT know how to run a bank, the portal alliance could very well be the demise of the United States economy.  The short list of this [...]

Bank of America Pays Out $700 Million in Bonuses With YOUR Money

On February 13th, 2009, Bank of America started its year end compensation bonus package.  In one day, the struggling bank paid out $700 million and is expected to pay an additional $900 million in cash and stocks in the near future.  Where is this money coming from?  Is this the same company that is going [...]

Non Mandatory Reorganization or Tender Offer for Bank of America?

UPDATE: A tender offer is usually a premium of the current stock price as shown here on Wikipedia:
To induce the shareholders of the target company to sell, the acquirer’s offer price usually includes a premium over the current market price of the target company’s shares. For example, if a target corporation’s stock were trading at [...]

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