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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (163462)	5/2/2002 7:22:22 PM
From: Bill/WA	Read Replies (2) of 436258

tippet, re:BAC <<think how silly this is on the face of it ...>> indeed, indeed... "controlling expense" - by buying companies to bolster asset management??? By buying back 39.2M shares the 1st quarter at a generous average of $65/shr=approx. $2.5+B?? - so that the insiders can exercise their options at a 52 wk high?? "pleased with the progress the company is making across business within its Global Corporate & Investment Bank" Someone (maybe you) posted a link to the reality of bank figures for the first quarter. Here they are; BAC - Global Corporate & Investment Banking->revenue down 5%, earnings down 13% yoy, totals loans down 29%. Consumer Credit Card outstanding up 15%. Yea, I think I'd put out a pretty picture and cash out my options at a 52 wk high too<G> The more things change, the more they stay the same. Bill/WA

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