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Non-Tech : Bank of America

BAC 53.19

-0.1%

Dec 2 4:00 PM EST

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To: tcd who wrote (1330)	10/27/2009 9:55:46 AM
From: Keith Feral	of 4366

3 billion shares? Doubtful. Bove is probably trying to manage expectations to the lowest possible level. I wouldn't be surprised to see BAC be forced to go through another big round of capital raising. They have 1/3 of BLK, Columbia asset mgmt, First Republic, and 11% of CCB. They aleady have a $1 billion deal for part of Columbia, and a $1 billion deal for First Republic. They could generate another $2 billion from Columbia, $5 billion from BLK, and $20 billion from CCB. I'm just not sure on what basis the government will be allowed to single out BAC for further capital raising, unless they lift the bar for everyone.

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