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Fish Gone Bad
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It looks like I am not going to be Mr. Popular with this perma-bull crowd.
Feb 21 02:52 am
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All Comments by Fish Gone Bad »Eight Reasons Bank of America Is Going to $20 [View article]
BAC is insolvent. It ate 2 really big tape worms, Merrill Lynch and Countrywide. Does anyone remember a tool named Richard Bove? He was praising BAC a week or two ago. That is the exact same Richard Bove who hyped Lehman Brothers every single day before they imploded. He is personally responsible for luring people into an unsafe investment.
For those who want a better idea of zombie banks, check out this article:
www.marketoracle.co.uk...