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To: Think4Yourself who wrote (150554)	9/25/2008 10:06:35 PM
From: Pogeu Mahone	Respond to of 306849

BAC is Mike Morgons good to zero due to CDS.

To: Think4Yourself who wrote (150554)	9/25/2008 10:09:23 PM
From: XoFruitCake	Respond to of 306849

"I have been buying the likes of BAC, C, PNC, and a little WFC in the last few days. The rush of funds transfers into these banks is part of the reason. Another reason is the across the board shorting of the banks. Unlike the well informed people here, many novice bears are shorting any bank they can think of, whether they are strong or struggling. The strong banks also won't have to accept bailout terms if they are too onerous." Before getting too bullish about bank, I think it is good to look at JPM presentation today about WM book.. They took 30B mark on their book tonight (about 176B) and the peak to bottom HPA (US) is 28% in their middle case and 37% in the severe recession case.. files.shareholder.com