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Old 01-29-2009, 11:42 AM   #61
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Geithner yesterday:

Quote:
“We have a financial system that is run by private shareholders, managed by private institutions, and we’d like to do our best to preserve that system,” he said.
Translation: We want to cover Maurice's bet.
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Old 02-20-2009, 05:56 AM   #62
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Nationalization gains as an option | Philadelphia Inquirer | 02/18/2009

Translation: Maurice's bet is going down the tubes.
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Old 02-27-2009, 05:04 AM   #63
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Chris - lol - I just saw this.

Anyway, it could happen, though Geithner seems determined not to wipe out the common. (thinking of last nights gift to Citi shareholders)

I think they've deeply analyzed nationalization and realize how problematic it would be - they clearly want to avoid it at all costs. Its true at some point their hand could be forced, but it seems apparent that if they can possibly avoid it they will.
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Old 08-08-2009, 08:03 AM   #64
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BAC is recovering nicely. Up 300% since my previous post in this thread.


Even Citi is showing some life.
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Old 08-08-2009, 10:05 AM   #65
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Maurice,

Its funny you posted this as just yesterday I was looking at the price of BAC and wondering about VaCollector. If he has held on to his shares he is probably made back about half of his capital losses. None of the income though.
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Old 08-13-2009, 08:50 PM   #66
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I thought this was interesting.

John Paulson Goes Long Bank of America In A Big Way (BAC)
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