• 03 Mar 2009 at 3:23 PM

Memo From Lewis TK

By

Picture 806.png*BANK OF AMERICA EARNINGS PRESSURE WILL BE MORE INTENSE : S&P
*BANK OF AMERICA CUT BY S&P; L-T COUNTERPARTY TO A FROM A+
*BANK OF AMERICA’S BANK UNITS CUT TO A+/A-1 FROM AA-/A-1+ BY S&P
BAC: Bank of America: S&P Lowers Bank Of America Rating One Notch
*BANK OF AMERICA FDIC-GUARANTEED DEBT AFFIRMED AAA BY S&P
*BANK OF AMERICA RATING CUT TO A FROM A+ BY S&P; OUTLOOK NEG.

    Sign up for the Dealbreaker newsletter

    Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

    — Advertisement —

    Comments (18)

    1. 1
      Posted by guest | March 3, 2009 at 3:29 PM

      Glad to see S&P is affirming that FDIC-guaranteed paper is AAA. Well done.

    2. 2
      Posted by guest | March 3, 2009 at 3:31 PM

      in other news:
      The sun produces both light and heat.

    3. 3
      Posted by guest | March 3, 2009 at 3:33 PM

      and blindness

    4. 4
      Posted by guest | March 3, 2009 at 3:37 PM

      *LEWIS DOWNGRADED FROM OVERMATCHED TO COMPLETELY FUCKED BY S&P; OUTLOOK: DRUNKER

    5. 5
      Posted by guest | March 3, 2009 at 3:39 PM

      just CRUSHED the rally we had when this came out.

    6. 6
      Posted by guest | March 3, 2009 at 3:40 PM

      Long

    7. 7
      Posted by guest | March 3, 2009 at 3:41 PM

      why do we even have rating agencies anymore?

    8. 8
      Posted by toshiro_mifune | March 3, 2009 at 3:45 PM

      #7 – Because rearview mirrors are useful!

    9. 9
      Posted by guest | March 3, 2009 at 3:47 PM

      I am starting an agency that will rate the rating agencies.

    10. 10
      Posted by guest | March 3, 2009 at 3:50 PM

      Now I lay me down to sleep
      A bag of bad loans at my feet
      If I should file before I wake
      I guess buying MER was a mistake

    11. 11
      Posted by guest | March 3, 2009 at 3:50 PM

      Don’t you quit on me!

    12. 12
      Posted by guest | March 3, 2009 at 3:50 PM

      @ 8
      so pay to play is acceptable?

    13. 13
      Posted by guest | March 3, 2009 at 3:53 PM

      Mark to Kasbah is acceptable.

    14. 14
      Posted by guest | March 3, 2009 at 3:56 PM

      Fitting that Jack Bauer narrates Bofa’s TV ads … anything/anyone Jack touches winds up dead.

    15. 15
      Posted by toshiro_mifune | March 3, 2009 at 3:57 PM

      #12 – Would it help if I used the /sarcasm tag?

    16. 16
      Posted by guest | March 3, 2009 at 4:30 PM

      HIG catches rating downgrad too, CDS wider after mkt

    17. 17
      Posted by guest | March 3, 2009 at 4:55 PM

      @ 15
      yessir
      sarcasm is tough to pickup on a msg board

    18. 18
      Posted by guest | March 3, 2009 at 6:50 PM

      @8: Genius.
      @12@17: Are you in middle-school, or did you really not pick up on that?

    Leave a comment

    You can log in with your account or comment as a guest below.

       or