Bank of America Corp., the second- biggest U.S. lender, fell below $5 in New York trading for the first time since March 2009 amid concern that Europe’s debt crisis will be a drag on the world’s financial system…With most companies that have dropped to those levels, “it is usually some fundamental problem with the business model and it may go to zero, but I think Bank of America is very different from your typical small failing company,” Angel said. [Bloomberg]
endorsements
This is according to one of his best buds. Continue reading »
“Jamie Dimon is a fabulous banker, and probably writes the best annual report in America,” Warren Buffett said in an interview. “I grab his report when it comes in and my friends do, too.” [Bloomberg TV]
Someone In Silicon Valley Is Going To Be The Lucky Recipient Of A Set Of Commemorative Lloyd Dolls
By Bess Levin“At Accel Partners, we have a long history of working with Goldman Sachs and at Accel Partners, we’re certainly work closely with Goldman Sachs in the future,” said partner Jim Breyer. “[Their name] is not mud [in Silicon Valley].” [Deal Journal]
The Third Point manager has endorsed Wilson for Comptroller, who Loeb says is New York’s only hope against riots in the streets. Alternatively, if that’s what you want, DiNapoli’s your man.
Dear Friends,
I have chosen only one candidate to bring to your attention, that is Harry Wilson for Comptroller of NY State. He has recently tied incumbent Democratic candidate Thomas DiNapoli in the polls. For those of you who are Democrats, this is not a matter of party politics but literally one of whether we want New York the go the way of Greece and go bankrupt because, trust me, that is the course we are headed towards without sound fiscal leadership.
“He seems like the right choice for New York,” she said last night at 1Oak. [Daily Intel]
In 2002, accusations by then Attorney General Eliot Spitzer set off a chain of events that resulted in Merrill Lynch analyst Henry Blodget being fined $4 million in fines and repayments and being banned from the securities industry for life. Those polled at the time probably didn’t expect the two to end up bros. Today we find out how utterly wrong they were. Continue reading »
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