Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.920

-2.0%

Nov 6 3:59 PM EST

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To: Italian Investor who wrote (1201)	11/26/2012 8:00:19 PM
From: Italian Investor	of 1366

Bruce recent interview You own shares of both Bank of America and MBIA. When will they settle their multibillion-dollar lawsuit? Bank of America's legal issues are the only thing stopping its rise right now. [MBIA's suit accuses BofA ( BAC) of fraud related to bad home loans underwritten by BofA's Countrywide unit; BofA denies the allegations.] I know BofA doesn't want shareholders to overpay, but I'm one large shareholder who says, "Settle up!" And yes, it's in part because I'm a large MBIA ( MBI) shareholder, but it's also because it's time to move on. I've e-mailed [BofA CEO] Brian Moynihan and said, "Settle." BofA is now the best capitalized bank in the U.S. It generates $5 billion of cash every three months. Its book value is $20 a share, but the stock trades near $10. Everything else is pretty obvious. Moynihan has done a really good job of moving to the Wells Fargo ( WFC) model: client-centered. BofA has a huge franchise in the form of a trillion-dollar deposit base. They are America's bank.

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