Gary A

Crocodile Investors Smile at Bank of America

My concern about financials is that NAB wrote down super senior commercial paper by 50% and took a total loss on residential AAA CDO's. So, with BAC having 781 billion in level 2 assets that don't trade and a lot of level 3, are you saying that we are out of the woods and should start buying BAC? I guess I am just not smart enough to take that chance.