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, particularly dismemberment.
This article is posted on SeekingAlpha.com
