Grenville

Very interesting! Thanks.

What a waste of valuable time to meet and interact with management...

I was assuming she was referring to MBIA deposition of Moynihan in the transformation case (Article 78). My only source here is her feed so I could be off. I'm not sure where else to stay abreast of developments in the BAC legal cases. Here is another post today from her referring to it: http://twitter.com/#!/AlisonFrankel

I would recommend a suit and tie especially if you get a chance to talk to the executives one on one. Just my opinion and what I've done at annual meetings.

It looks like he's already been deposed. See below: From Alison Frankel's Twitter feed:

Very interesting. Thanks for the article.

Thanks for the link to the report

Good to see him continue to add. from the proxy:

Hi Coneal, Sent you a PM with questions. Thanks for asking! I hope you enjoy the meeting. Thanks, grenville

From what I understand, no. They are one direction. If there is high inflation, the contracts expire worthless. One of the annuals or letter's explains how they work, if I remember correctly.

The question was asked at the AGM. Brian Bradstreet answered the question, and he said it was a good question. It is a real risk with the CPI derivatives, but he said there will be some work out solution if the Euro dissolves itself. If I remember correctly he said there may be a weighted measurement of the CPI across various countries. He mentioned that the TIPS market in the Euro is big as well and they'll need a solution if the Euro dismantles.

Does anyone know if they've disclosed the hedge fund or trading in commodities for Ward in the Proxy or 10-K?

I don't remember this being posted: The 2011 Annual Report is out with Brian Moynihan's letter to shareholder. http://media.corporate-ir.net/Media_Files/IROL/71/71595/AR2011.pdf He continues to stay focused, and has shown results in the areas of focus. I like their work in strengthening the balance sheet and reducing risk weighted assets especially so much in the last quarter. Quote from the report:

Count me in to help! -Grenville

Thanks for posting that paper as well!

Thank you for sharing this document!

Bay Area, CA Count me in for a meet up.

Great stuff, thanks for posting.

Nice! Thanks for the link to the decision.

nice site, thanks!

It hasn't stopped Donald Powell from buying on the open market. He's on the board. http://www.sec.gov/Archives/edgar/data/70858/000122520812006238/xslF345X03/doc4.xml

Commentary on the BNY Settlement and MBIAvCountrwide http://www.subprimeshakeout.com/2012/03/mbs-discovery-battles-heating-up-impacting-litigation-timelines-and-leverage.html The ruling on whether the BNY settlement will proceed under Article 77 on April 24.

A couple of good articles on Jefferies in the FT: Jefferies to set up Europe financing arm http://www.ft.com/intl/cms/s/0/9cbafd90-7517-11e1-90d1-00144feab49a.html#ixzz1qLH01PlK Jefferies puts debt debacle aside http://www.ft.com/intl/cms/s/0/ffede76e-7748-11e1-baf3-00144feab49a.html#ixzz1qLHM17kh Also, Q1 earnings came out last week. The management call was pretty good. Things look to be back to normal. The company earned 77million. The two recent deals for Bache and Hoare Govett were very opportunistic and and the firm is expanding the Bache commodities platform with new hires. I like what I've seen and heard so far. The investment banking business is growing and the earnings run rate is also growing with expansion abroad. Q1 results: http://www.jefco.com/pdfs/0320121Q12FinancialResults.pdf

Thanks for posting the article!

"EACOM Timber Corporation Announces $40 million Secured Debenture Financing backed by Fairfax Financial Holdings Limited and Lansdowne UK Strategic Investment Master Fund Limited" http://www.digitaljournal.com/pr/639703#ixzz1qLPG1bdm http://www.eacom.ca/media/press-releases/eacom-timber-corporation-announces-40-million-secured-debenture-financing Details: +10% coupon + Fairfax will nominate two directors to the board + Detachable warrants that provide up to 26% ownership if excercised. Eacom: "EACOM Timber Corporation is a TSX-V listed company. EACOM owns eight sawmills, all located in Eastern Canada, and related tenures."