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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (44751)	3/13/2012 4:03:14 PM
From: ggersh	Respond to of 71446

Heaven on Earth youtube.com Jamie Dimon Sees No Need To Wait For Stress Test Release: Announces Dividend Hike, Stock BuybackSubmitted by Tyler Durden on 03/13/2012 - 15:19 10b5-1 Bank of America Bank of America Credit Crisis Federal Reserve Jamie Dimon JPMorgan Chase Market Conditions New York Stock Exchange Stress Test Update: And so they come storming in, as the WSJ reports that Bank of America is the next to frontrun the Fed's public announcement, and announce it passed the stress test. However, unlike JPM it says it has not asked for new buybacks, or dividend increases. No surprise there. There was a time when banks would at least pretend to pay lip service to the Fed. Those days are gone. Two days before the Fed is scheduled to release stress test results, JP Morgan's Jamie Dimon has decided to show the folks at Liberty 33, but more importantly the world, that it is "good enough" and has proceeded with announcing a $0.05 dividend hike as well as a $15 billion stock buyback (in effect increasing its leverage further by reducing its statutory equity). Since we are now obviously replaying the entire credit crisis, from beginning to end, must as well go all in. Now - who's next? And perhaps just as importantly, who isn't.