The following video is from today's MarketFoolery podcast, in which host Chris Hill, along with Jim Gillies and Joe Magyer, discuss the latest business news. Despite delivering better-than-expected earnings, Bank of America fell nearly 5% today. Why did this Dow stock have such a bad day? In this segment, the guys analyze the challenges Bank of America still faces after its disastrous acquisition of Countrywide, and why they believe investors interested in bank stocks should focus more on Wells Fargo and Goldman Sachs, while avoiding Bank of America.
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Report this Comment On July 19, 2012, at 8:56 AM, JacquesleFou wrote:
Guys,
Love your podcasts and your breezy yet insightful comments. OK, now that that's out of the way, comes the BUT (most comments are made to point out flaws, aren't they?).
I'm astonished that Jim Gillies has let the rest of you go on about "here in America," etc. You might want to look at a map and notice that Canada is America, too - just not the United States of America (soon to be the United Plutocracy of America).
And the faux ignorance of the phrase "mug's game" - even if you never heard it, you could get it from context. You should listen to David Kuo sometime.
Your mostly fervent admirer,
Jim Davis (not the Garfield nor the "Dallas" one)
Atlanta
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