Archive for August 26th, 2011

Bank Of America’s Solution Isn’t Buffett, It’s Dismemberment

Friday, August 26th, 2011
Bank Of America’s Solution Isn’t Buffett, It’s Dismemberment

Bank of America’s (BAC) situation is taking on the aspects of a Greek tragedy – or a farce. Despite Warren Buffett’s official statement that Bank of America is a well-run company, his way-too-small $5 billion in preferred stock with juicy terms is unfavorable to the bank. The realistic solution to BofA’s problems is shrinkage,... »

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