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

Friday, August 26, 2011

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, particularly dismemberment.

This article is posted on SeekingAlpha.com

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