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Quote: from obvious child at 4:57 pm on Sep. 15, 2008

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Pray tell Yankee, if Balance Sheets didn't matter, why did BOA gobble up ML?  

 Are you saying that B/S don't matter in making decisions?

 hahahahah.

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BOA also paid for countrywide. COUNTRYWIDE.

Merrill was the one that went to BofA.

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BOA is the common reference of Bank of America. And BOA didn't actually buy country wide. They simply bought stock, which isn't necessarily a bad thing. Country wide has likely seen the worst of it. Getting country wide at a super discount is an excellent idea as it has nowhere else to go but up and isn't going to go under. Like I said before and like you ignored, investment houses are heavy on financial due to the discounts.

And BOA saw value. Just because they got bought out doesn't mean they wouldn't have survived. Unlike Lehman, ML's balance sheet wasn't truly horrific.

I'm still waiting for your answer as to why B/S don't matter.

But you won't because well, you're Yankee Fan. You have no arguments. Just insults.

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"I give the probability of this working at zero" - Dan DeMatteo

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Quote: from yankeefan at 4:14 pm on Sep. 15, 2008

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Quote: from obvious child at 4:57 pm on Sep. 15, 2008

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Pray tell Yankee, if Balance Sheets didn't matter, why did BOA gobble up ML?    

Are you saying that B/S don't matter in making decisions?

hahahahah.

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BOA also paid for countrywide. COUNTRYWIDE.

Merrill was the one that went to BofA.

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BOA is the common reference of Bank of America. And BOA didn't actually buy country wide. They simply bought stock, which isn't necessarily a bad thing. Country wide has likely seen the worst of it. Getting country wide at a super discount is an excellent idea as it has nowhere else to go but up and isn't going to go under. Like I said before and like you ignored, investment houses are heavy on financial due to the discounts.  

And BOA saw value. Just because they got bought out doesn't mean they wouldn't have survived. Unlike Lehman, ML's balance sheet wasn't truly horrific.  

I'm still waiting for your answer as to why B/S don't matter.

But you won't because well, you're Yankee Fan. You have no arguments. Just insults.

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You're assuming that just because BoA bought Merrill that Merrill must have some value. You're assuming that balance sheets are useful but I'm still waiting for any argument that they are.

Btw, how else do you buy a company if you don't actually acquire its stock?

Give credit to Thain for being proactive and for getting such a high offer for Merrill's shareholders.

Post edited at 4:37 am on Sep. 16, 2008 by yankeefan

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You're assuming that just because BoA bought Merrill that Merrill must have some value.

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Um....yeah. Why would BoA buy ML if ML had no value and BoA saw no value?

Do you regularly go about buying things you think have no value?

Are you that desperate to hit me back you're willing to argue something that truly insane?

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You're assuming that balance sheets are useful but I'm still waiting for any argument that they are.

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Explain to me why they are aren't. Explain to me how a firm who wants to buy another firm is going to get financial data on the value of their potential purchase if they don't look at the B/S. A B/S holds huge amounts of valuable information. Numerous financial ratios that can be compared to industry average are done directly from B/S numbers. Furthermore, B/S numbers show how solvent, how much leverage and how resources are allocated among assets and liabilities.

The fact that you think B/S don't matter is just insane.  

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Btw, how else do you buy a company if you don't actually acquire its stock?

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Direct purchase of assets. That's how they used to do it in the past.

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Give credit to Thain for being proactive and for getting such a high offer for Merrill's shareholders.

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Why? ML had value and wasn't in the same position as Lehman. If you look at ML's B/S, there is an obvious reason why they got a premium.

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"I give the probability of this working at zero" - Dan DeMatteo

Your assumptions are wrong.

You are wrong, as usual.

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You assume that every corporation makes wise decisions. You assume that Merrill must be valuable if it's sold at a premium.

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Uh yeah. Why else would they do that?

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Your assumptions are wrong.

You are wrong, as usual.

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Typical Yankee Fan.

No argument, just "you're wrong!"

Really, do you think anyone believes you anymore?

And ignoring the vast majority of my post doesn't make you right.

Explain to me why B/S are worthless.

Try it.

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"I give the probability of this working at zero" - Dan DeMatteo

if you don't understand why wall street banks' balance sheets are useless, you are beyond help

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again, you assume that corporations only buy companies because they are valuable.

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Incorrect. Companies buy other companies for a number of reasons. However, value in some asset, process, or idea they have is one of the key ones. Removal of a competition is another. Barclays is doing the same thing with Lehman brothers. It's picking and choosing the assets it wants due to perceived value.

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if you don't understand why wall street banks' balance sheets are useless, you are beyond help

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Translation: Yankee Fan's got NOTHING AT ALL. Therefore he will rely entirely on insults

I already proved why B/S are useful. You got nothing.

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"I give the probability of this working at zero" - Dan DeMatteo

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Quote: from yankeefan at 2:23 pm on Sep. 16, 2008

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again, you assume that corporations only buy companies because they are valuable.

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Incorrect. Companies buy other companies for a number of reasons. However, value in some asset, process, or idea they have is one of the key ones. Removal of a competition is another. Barclays is doing the same thing with Lehman brothers. It's picking and choosing the assets it wants due to perceived value.

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if you don't understand why wall street banks' balance sheets are useless, you are beyond help

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Translation: Yankee Fan's got NOTHING AT ALL. Therefore he will rely entirely on insults

I already proved why B/S are useful. You got nothing.

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all you've said is that balance sheets are useful, you haven't made a single argument

first you said that companies only buy because of value, not you're saying it may be buying to get rid of competition too?

yeah, way to change your position there

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all you've said is that balance sheets are useful, you haven't made a single argument

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Yankee fan = Lying Piece of Shit  

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Explain to me why they are aren't. Explain to me how a firm who wants to buy another firm is going to get financial data on the value of their potential purchase if they don't look at the B/S. A B/S holds huge amounts of valuable information. Numerous financial ratios that can be compared to industry average are done directly from B/S numbers. Furthermore, B/S numbers show how solvent, how much leverage and how resources are allocated among assets and liabilities.

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You ignored that. I made an argument why B/S are important. You responded to part of that post.

Therefore you saw that argument.

THEREFORE YOU ARE A LYING PIECE OF SHIT

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first you said that companies only buy because of value, not you're saying it may be buying to get rid of competition too?

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That is technically value. By decreasing competition, they can increase their market share.

So you, as usual, Lose.

Seriously. Your infantile attempt for revenge has come down to nitpicking.

That's pathetic.

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"I give the probability of this working at zero" - Dan DeMatteo

I'm specifically talking about wall street banks.

Explain to me why every business is the same.

Explain how all balance sheets are similar.

If you don't get why wall street banks are different from other businesses you have no clue about what i'm talking about

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Wrong again.

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Incorrect. You claimed that I made no argument about why B/S are important. I clearly did and for your convenience, I cited it again. Therefore, you are wrong and lying. Every instance of your lying will be reported from now on.  

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I'm specifically talking about wall street banks.

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And you have not given a reason why B/S don't matter there. All you have done is insult me and state they do not. You have yet to provide a single reason why they don't matter.

The burden of proof is on you. You claimed that B/S don't matter. You later claimed they don't matter for WS banks. You have to date provided nothing but insults as to why you are right.  

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Explain to me why every business is the same.

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Why? No one said they were. Stop with the dishonesty.  

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Explain how all balance sheets are similar.

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It's called GAAP. While B/S may differ in what they have, the principle of reporting is the same with minor deviations allowed by the SEC and detailed by the FASB.  

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If you don't get why wall street banks are different from other businesses you have no clue about what i'm talking about

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Meaning you have no argument and you are solely here to insult me. You have been reported.

I never argued that they weren't different. You made that argument up. And you have to prove why Wall Street Banks' B/S don't matter. Any personal insults you make will be promptly reported. Your signature has already been reported.

Play the game, or you'll get banned.

Post edited at 8:00 pm on Sep. 17, 2008 by obvious child

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"I give the probability of this working at zero" - Dan DeMatteo

I'm not here to insult you, I'm responding to your post because you haven't made a relevant argument and you don't make the least amount of sense.

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Wrong.  You're the one that's lying.  I never made an argument about balance sheets in general.  All you've done is assume that all businesses are the same and that all balance sheets are equally useful.

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I never said you made an argument about B/S in general.

You did say this though:

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the balance sheets they release don't mean jack shit in an environment like this you retarded dumbas

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I have asked you to explain why B/S don't matter in that enviroment. You have not given any reason other then insults. In fact you insulted me there. When I asked you again why they don't matter, all you did was insult me.  

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if you don't understand why wall street banks' balance sheets are useless, you are beyond help

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More insults. No explanation as to why they are of no use.  

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If you don't get why wall street banks are different from other businesses you have no clue about what i'm talking about

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That was the third time you insulted me over why Wall Street B/S are of no value. No explanation. Just insults.  

So not only are you only here to insult me, you haven't explained your position at all.  

And you are again lying and you have again been reported.  

I never argued that all businesses are the same. I argued that due to reporting rules set by the SEC, that all businesses that must report do so on virtually the same way and that businesses buy other businesses primarily because they see value. I argued nothing else. Remember that I can go back into the thread, quote you and I and show you are in fact lying. And I will report every single instance you lie.  

I'm waiting for you to start arguing and stop insulting. Unless you want to get banned, which I'll totally help you do.  

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I'm not here to insult you, I'm responding to your post because you haven't made a relevant argument and you don't make the least amount of sense.

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To you at least.  

Except that you have insulted me primarily as your reason here. Of your posts since you came back, virtually every single one of them to be includes at least one insult and generally at least one lie. And I clearly have made relevant arguments.  

My post on top of page 2 details what BoA actually did and why they did it. That is relevant and it is sensical. You had no rebuttal.  

My post on B/S, as follows:

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Explain to me how a firm who wants to buy another firm is going to get financial data on the value of their potential purchase if they don't look at the B/S. A B/S holds huge amounts of valuable information. Numerous financial ratios that can be compared to industry average are done directly from B/S numbers. Furthermore, B/S numbers show how solvent, how much leverage and how resources are allocated among assets and liabilities.

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You had no rebuttal. In fact you LIED that I never argued why B/S are not important. I cited that again you for and you again lied the same lie. You have been reported for flagrant lying.  

I then argued why companies buy each other. All you did was nitpick and nitpick in the wrong way. Increasing market share is value. You had no reply.  

Given your numerous outright lies and primary goal of insulting me, you aren't here to debate. You aren't here to learn. You are here solely for revenge.  

Every single instance of lying and insults will be reported.

Play the game or you will get banned.

You've already been warned several times as it is in the past couple days. You've even had your signature removed.

I'd (and numerous other people here) would love to see you get banned.

Please, make our day. Get yourself banned.

Post edited at 1:38 pm on Sep. 19, 2008 by obvious child

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"I give the probability of this working at zero" - Dan DeMatteo