I have no position in any money center banks — as long as their books are opaque (thanks to FASB 157), they violate the “know what you own” rule, making it difficult to place them into long term asset management accounts.
Bank of America Ponders Retreat
By DAN FITZPATRICK And JOANN S. LUBLIN
WSJ, January 13, 2012
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.