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Thursday, August 4, 2011

8/4/2011 - Bank Of America

Bank Of America A Perfectly Symmetric $8.88

Tyler Durden's picture

For the sake of John Paulson, we sure hope he sold his BAC holdings which are now well below his cost basis. For the sake of everyone else, we also hope they sold their BAC stakes, if any. That said, we can't wait for the Fairholme Capital's conference call with Bank of America's Brian Moynihan on August 10 from 1 to 2:30 pm in which they explain to the market why it is oh so wrong on the most insolvent bank in America.

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