March 25, 2009
– Comments (2) |
RELATED TICKERS: BAC
This is either just hype or he knows something that we don't.
Hearing that BAC, WFC, & GS will be returning the tarp money back to the US treasury by the end of April at the earliest. This can't be the news that is sending the shares up?? So what they return the money.
BAC is priced for liquidation. If they can return the TARP money that aren't going out of business. If they don't go out of business, then they are worth more than they are priced for.