some bac news for those thinking about Boves statement
remember when lehman and bearsterns or even meryl was a popular name. Bove said they were very strong and no need of any cash. lehman is not going bankrupt and said that was nonsense. really Bove where that cash now? thats right you lost that shareholders money didnt you? you would think he would get a clue and stop senseless pumping. nobodys buying that crap again
bwaaaaaaaaaaaa and you sy warren bought 5b in shares ,lol hes not that stuid he hasnt bought any shares ,he was given 50k prefferred thats right given along with collateral and a 6 percent rate of return for the loan and 700m in warrants period
no he didnt ,they gave him warrants to buy at 7.14 a share. he hasnt bought . if stock goes up he will will buy and then sell for profit. but he has yet to have bought any shares. he was given 50000 preferred shares free. he loaned 5b to bac and is getting 6% intrest with contract showing that he gets paid even if they file bankruptcy. so get your facts.