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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (103951)11/7/2011 5:22:38 PM
From: koan  Read Replies (1) | Respond to of 149317
 
To: research1234 who wrote (175502) 11/7/2011 12:33:19 PM From: JohnM Read Replies (1) of 175560 The modifications that would fix SS today are actually pretty modest and would put the system back into balance for the next 25-50 years if done carefully.

Agreed. And that's true even if you don't correct the regressive character of the taxes that support ss. If that were corrected--no income caps, the problem goes away. period.



To: RetiredNow who wrote (103951)11/10/2011 12:23:16 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
Bank of America's book value is about $230B and their market cap is about $68B. Price to book is about 30%.

What does that tell you? It tells me that the folks in the investment community believe this bank is insolvent.

A year ago BAC's stock was at $15 when the bank had more problems. What makes you think the markets are that smart?


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