tapioca

Bought its stocks when it was $30. If sell it now, losing for sure; if keep holding may be total loss...
Like a crab now

peter236

原帖由 快樂牛郎 於 2009-2-21 02:04 發表
I still bank with BoA everyday.

Are you from the US?

MyOMy

原帖由 Littleprince 於 2009-2-21 13:58 發表

若政府接收﹐係咪代表股票變廢紙架﹖

I have limited knowledge on this, any LYK, please correct me if I am wrong.

The answer is yes and no, it can go either way. When government or the buyer brought, they have the right to dissolve the corpoartion and sell it piece by piece. After the liquidation, if there is any proceed left (most likely not), that will go to stockholders. The stock certificate will particularly becomes wall paper.

The government's number one job is to save the depositer, save the worker but not likely the stockholders.

boss2007

correct me if I were wrong ... HSBC USA + US Central Bank (Fed Reserve) + UK Central Bank ?

"The banks' quarterly financial reports show that as of Dec. 31:

- J.P. Morgan had potential current derivatives losses of $241.2 billion, outstripping its $144 billion in reserves, and future exposure of $299 billion.

- Citibank had potential current losses of $140.3 billion, exceeding its $108 billion in reserves, and future losses of $161.2 billion.

- Bank of America reported $80.4 billion in current exposure, below its $122.4 billion reserve, but $218 billion in total exposure.

- HSBC Bank USA had current potential losses of $62 billion, more than triple its reserves, and potential total exposure of $95 billion.

- San Francisco-based Wells Fargo, which agreed to take over Charlotte-based Wachovia in October, reported current potential losses totaling nearly $64 billion, below the banks' combined reserves of $104 billion, but total future risks of about $109 billion.

source:
http://rense.com/general85/fedd.htm