Bank of America Woes (part 1)

Bank of America Woes (part 1)

Bank Of America equity is worthless. CFC­related litigation is going from bad to worse, it can lead to violent erosion of shareholders’ equitywhich. Combined with the run on the bank that has slowly begun, the $53 trillion in derivatives, the lack of sustainable competitiveadvantages and the depleting political influence, I believe this is a terminal short.

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shakaama

Ex law school student. I was kicked out for revealing I had a heart actually beating inside. I used to be in a modern dance company. I'm working on my 7 miracles to be proclaimed a saint by the pope. #1 is really hard, but once i get over that hump the other 6 will be a cinch.

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