Bank of America’s (BAC -2.2%) decision to sell its stake in China Construction Bank - with...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America’s (BAC -2.2%) decision to sell its stake in China Construction Bank - with its potential to grow into a global bank - smacks of desperation, David Weidner writes. True, surviving the short-term is Brian Moynihan's first order of business, but selling the stake reminds Weidner of "a mortgage borrower dipping into their 401(k) to make the monthly mortgage payment."