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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (44831)10/18/2011 10:49:20 PM
From: Spekulatius  Read Replies (2) of 78702
 
Re BAC - found a very interesting story on Bloomberg IPAD app that BAC want's to move derivaties from The Holding company to the FDIC regulated banking subsidy, which has a higher credit rating. his occurred after a request by the counter party, which obviously is worried about BAC credit rating (lowered on 9/21). His is very worrisome for BAC because it shows how vulnerable they are to. Slower credit rating. It's also worrisome that BAC can dump stuff into a subsidy that is FDIC insured and guaranteed by the taxpayer. I could not think of a better reason to repeal Glass-Steagal.
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