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<p>[QUOTE=&quot;medoraman, post: 1294837, member: 26302&quot;]I agree with Cloud I saw those disasters coming, but for different reasons. All of those companies listed had opaque finances. If I cannot clearly see where their profits are being made, I stay away from the firm. The laws you say the executives broke all relate to this opacity. I never trust audited financials, when they report &quot;trading income&quot; and the like. Way too easy for financial assumptions to be the basis for this &quot;profit&quot;. I want to see customers paying cash for the services being provided, not financial guesses as to asset appreciation. This is the biggest red flag I would tell investors to watch for.</p><p><br /></p><p>I do own some BOA, and I have looked at their core exposures and do not think they are overleveraged. I do think both companies BOA took over at the governments bequest have damaged the firm, but I simply believe they can work through it and be a decent performer. I have way less than 1% in it, am not advocating anyone else buying it, just explaining that I own it as to explain why I have an opinion on it and for clarity. I own C for the same reason, again small amount. I am not sure I would touch a straight investment bank though, for the opacity reason.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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