BoA is dead wit the $5 debit card fee, no use buying their stock
Actually, it will be quite the opposite in the long run. People will turn to the credit card and BoA will make a lot more money on the CC fees that they charge retailers and interest that customers pay because the idiots will carry balances.
BOA is going to be DOA soon with the Attorneys General from CA, NV and other states withdrawing from the proposed settlement talks. BOA sold the MBS market tons of crap securities along with the other banks and they are going to take it up the arse.
Buffet invested that 5Billion in preferred stocks with specials in his deal that we as regular stock holders will not get. BOfA will probably split up the countrywide into bankruptcy, sell other parts and probably do a revers split like Citi did soon. http://www.businessweek.com/magaz...82011.html
If you buy, better watch it carefully and time it right. Citi reversed from $4 to 40 and now it's aback at 23ish.
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