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Bank of America: Bank on This Opportunity

I am a little skeptical of full service brokerage business. After all - what is driving their core business and profits. Aren't we finding out that some of these brokerage lines of business requires a degree of asset appreciation, low cost of money, complexity, glut of capital and willing partners, low capital gains and customers asset base increasing. Well someday maybe but not in the near term - certainly not with one of the most radical gang of four moving in for the next four years.