As Bank of America (BAC -16.6%) shares crater, a spokesman is again forced to say it has no need...

As Bank of America (BAC -16.6%) shares crater, a spokesman is again forced to say it has no need to raise capital. Dick Bove agrees: "BAC can go to $1 and it won't need to raise capital." But Charlie Gasparino says traders aren't buying it; with all the litigation and other issues, "there is a concerted bet that BofA will not be able to survive unless it gets new capital."