wholesalecd

Bank of America Doing Worse Than Citi?

Hi input indicated that BAC would be LESS LIKELY to nationalize than that of a bank like Citi. There is no indication in this report that this person would be shorting BAC..

Maybe you should read things TWICE before posting something that makes no sense.

jay boy billy


On May 06 04:47 PM BrianZ wrote:

> Wake up to reality, please. BofA is not going to be nationalized
> - it is levered to housing which has stablized, so if anything the
> "stress test" is nothing more than an academic exercise. The econimic
> data points to a real recovery on the horizon. Nationalization of
> BofA is off the table. You need to come up with another angle and
> go short something else.
>
> The BofA preferred's jumped today and that's one way to play the
> stress test news (speculating that they'll convert the preferreds
> to common), considering how the Citi preferred's have traded up since
> news of their conversion.