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Non-Tech : Bank of America
BAC 51.00-2.0%Nov 20 4:00 PM EST
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To: SGJ who wrote (1337)10/27/2009 1:58:22 PM
From: Keith Feral  Read Replies (1) of 4366
 
Well, these aren't free loans. They are attached to the US taxpayer.

I would be delighted to hear your suggestions how BAC is going to come up with $45 billion to repay TARP if the regulators are talking seriously about a capital raise. If they could price 1 billion shares tomorrow and put the whole thing behind them, I would be equally delighted. However, I'd rather see these BAC raise capital over the next couple quarters and get 90% paycuts until it's done.
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