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Bank of America Corporation Message Board

  • drugsman12 drugsman12 Dec 18, 2012 10:01 PM Flag

    why did BAC give buffet all the shares at $7, there must of been run on the bank potential?

    They didn't seem to need any money at the time. My only guess is that there were fears there could be a run on the bank. Why else would they give buffet all those millions and millions of warrants at $7?? I wonder what was going on inside the bank at that time? Remember that was shortly after that report came out talking about all the mortgage put backs that they were on the hook for. I am very curious.

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BAC
17.980.00(0.00%)Dec 26 4:04 PMEST

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