The Bank Pirate » Uncategorized http://bankpirate.com Money, Booty, whatever you call it. Sat, 06 Sep 2008 19:20:15 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Bank of America can have it. http://bankpirate.com/archives/bank-of-america-can-have-it http://bankpirate.com/archives/bank-of-america-can-have-it#comments Mon, 04 Feb 2008 21:02:28 +0000 The Bank Pirate http://bankpirate.com/archives/bank-of-america-can-have-it a deck mate of mine recently complained about the $4.1 billion acquisition of Country Wide mortgage company by Bank of America.  i had to ask why that was such a huge thing to him and he responded that he didn’t think we should bail out a sinking ship…

well the thing about that sinking ship is that it holds the majority of US Real Estate in the belly of that boat. not something that i want on the bottom of the sea as far as i am concerned.  what he should have been looking for was the wind that is now filling the sails of BAC stock.  since the acquisition of Counrtywide, BAC has gone up almost $7/a share. if you were smart enough to jump on that boat you are going to be riding the swells for awhile.

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