Reggie Middleton Back at it..Calls Bank of America Insolvent

[dd2003]

Widely successful and controversial analyst Reggie Middleton is back...Having accurately predicted the collapse of 2008 way before the collapse, his now call is targeted at Bank Of America.. This is a very long read but it is well worth it imho.

Bank of America Lynch CountryWide's Equity Is Likely Worthess and It Will Rape FDIC Insured Accounts Going Bust

Warning! This is going to be a highly, highly
controversial post. It is long, it is thick with information, and it
hits HARD! Thus if you are easily offended by pretty women,
intellectually aggressive brothers in cognitive war garb, your
government regulators selling you out to the highest European bidder, or
the cold hard facts borne from world class research that you can't find
from the sell side or the mainstream media, I strongly suggest you stop
reading here and move on. There is nothing further for you to see. As
for all others, please keep in mind that I warned of Bank of America Lynch CountryWide's swap exposure through a subscriber document on Thursday, 01 October 2009, then went public with it shortly thereafter.

There
has been a lot of feedback and emails emanating from the last
RT/Capital Accounts interview that I did earlier this week, as well as
it should be. The dilemma is that I don't think the viewership is taking
the topic seriously enough. I explicitly said, on air, that the Federal
Reserve endorsed this country's most dangerous bank in shifting its
most toxic assets directly onto the back of the US taxpayer through
their most sacrosanct liquid assets, their bank accounts. In addition,
when the shit hits the fan, those very same assets will be second in
line for recovery, for the derivative counterparties will get first
grabs.

Now, maybe its due to the fact that the interviewer was a
cutie, or my voice was too deep, or because I didn't appear in my
superhero garb, but I really don' think the message was driven home by
the interview that I gave on Russian TV's Capital Account introductory
show last week. So, let's try this again, but this time instead of
donning that suit and tie, I go as that most unlikely of financial
superheroes...

Continue reading the rest below:

http://www.zerohedge.com/contributed/bank-america-lynching-countrywides-equity-likely-worthess-and-it-will-rape-fdic-insured-?page=2

[tabatha]

1. I guess all the bonus recipients have all the money.

[dd2003]

2. no need to guess

they do