Equity4all

Eight Reasons Bank of America Is Going to $20

"5) Earlier this week, Bank of America actually paid back $402 million in a TARP dividend payment to the U.S. government. If this doesn’t show their commitment to repaying taxpayers I don’t know what would."

Jason, did they really have a choice? If they didn't pay the Preferred Div to the G, they would most certainly be a prime candidate for nationalization regardless of the political and socioeconomic tenets espoused by the administration.

I have several hundred thousand dollars in CD's maturing this week and if BAC does not offer competitive rates I will be re-directing those funds elsewhere. Assuming I am not alone, I believe that there will be other depositors who will do the same thing as me, and when they all do it in concert, it will adversely affect BAC's capital ratios.

Disclosure: I hold BAC stock and am a long term client. I love the services they render and believe in them for the long run; but, I need to protect my money and get a decent rate of return with as little risk as possible.