One of the country’s largest banks by assets and branches, Bank of America also provides credit cards, asset management, and other money-related services.
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I am afraid to say BAC, like C, is technically insolvent.so it might go up or down, but - like GM - this is completely dependent on the good will of the Fed Govt.there is a decent chance that the Govt's hand will be forced, due to the massive injections that would be needed - and they will take the equity holders to zero, give debt holders cents on the dollar, and recapitalize a NEW Citigroup.I am sad to say this, but there is a real risk, which makes the overall proposition of investing in this stock very dubious from my point of view
Ever heard of TARP? I suggest you close this pick out before your score goes any lower.