moneyTalksBSWalks' Comments Page 12 The critical thing to know here is that in the serviced for others segment(which by the way constitute the majority of the servicing portfolio) the majority of the loss is borne by the investor and not the servicer.
Cheap Windows 7 Product Key,Windows 7 Ultimate Product Key Sale 75% of the servicing portfolio is owned by either Fannie/Freddie so defacto we the taxpayer suckers are on the hook here as usual but not BAC. The statements on Pg 3 of the article make no mention of this and imply that all of the loss taken by the loans undergoing FC will be borne by BAC -- not true. Sep 2 03:37 PMAndrew, I applaud your zeal and enthusiasm in keeping up with responding to the comments to your article which sure has generated a lot of interest. That said, you seem to be taking the comments here personally and are also responding to comments in a personal fashion -- even responding in a personal fashion to comments that are not directed to you. Son you need to cool down and not get too cheeky here. Please re-read my comment. I DID NOT claim that YOU were spinning anything. I claimed that BAC was spinning. Do you have an inside line into Warren's thoughts? What is the basis of your speculation that he won't exercise till the stock reaches $20. 00? Are you aware that Berkshire as early as last year had a large common position in BAC which they then have been diluting since then.
Wholesale Lacoste Polo Shirts Warren may be the greatest thing since sliced bread(and I'm a BRK shareholder for quite some time so I don't have any axe to grind here) but as many have commented here, his actions/statements over the past few years have left many puzzled. While he may not have done anything illegal, he seems to be taking mucho advantage of the TBTF concept and his latest investment(which is a great deal for BRK) is riding on the coat tails of TBTF. In response to what you stated on dilution, expected future dilution is still dilution -- the issue here is not IF but WHEN and unless Warren has signed in his blood to you a commitment that he won't exercise until the stock reaches $20. 00, that shoe can drop anytime. Retail investors may or may not care but I'm pretty sure the big money factors that into making a call as to whether to invest in BAC or not. Also for the record I am long quite a bit on BAC but that said, I'm looking for contrary views that can legitimately challenge my thesis on BAC. The events over the last few weeks around BAC have me concerned (but I have not adjusted my position).
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