On Dec 20, 2011, at 2:51 PM, Jordan Hayes wrote:
> Also: perhaps the biggest impact on banks like BofA in this has been perceptions that have helped drive their stock price down to historic lows. BofA trades at less than 25% of book value! Woo!
When's Buffett going to buy?
THeir propaganda is all about "community" and "local." Securitized assets are neither.
The Move Your Money site does not recommend Amalgamated Bank for my zip code, even though it's union-owned. They still recommend Apple Savings Bank, which has 3/4 of its money in securities, and very little of it in local loans.