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Bank of America Corporation Message Board

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  • ibeatbillmiller ibeatbillmiller Feb 1, 2009 11:51 AM Flag

    BOA Pushed to buy ML?


    You will have to ride this out. In 2 years you might be back to even. There is no way to determine the BAC/ML deal and yes I believe that the Fed was involved with this deal because of the speed in which it took place. People are talking bad bank this bad bank that. Its obvious that the gov't took steps down this road a year ago.
    Just remember this. Any scenerio under the Obama plan is good for BAC shares...bad bank, bailouts, etc...

    I believe nationalization of banks would destroy the share price to zero. However, nationalization comes only if the "bank bank" scenerio fails...which is years down the road. I think next year at this time, BAC shares are doubled at a minimum.

    hopefully this sheds some light on the topic

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