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Non-Tech : Bank of America -- Ignore unavailable to you. Want to Upgrade?

To: djia101362 who wrote (1323)	10/26/2009 5:15:03 PM
From: Keith Feral	Respond to of 4366

Seems kind of convenient that BAC capital raise is coming on the heels of ING raising $11.5 billion. People have been talking about WFC capital raise for months now, and there is no evidence to suggest those guys are going to raise capital. They don't have the cash on their balance sheet to repay TARP if they wanted to. BAC is sitting with $152 billion in cash on the balance sheet. Maybe the regulators think they can squeeze mgmt into raising capital to end the exec comp restrictions sooner rather than later for BAC. But, Lewis already gave back all of his comp and bonuses for the year, so he will probably let the next CEO deal with these kinds of issues somewhere down the line.