Crash and Burn tomorrow.. Sell off to $10 or lower. No Dividend increase and huge PAYOUT to MBIA
will bring BAC to its knees. Recent articles describing unfunding of legal costs and worst case mortgage defaults are going to sink this Titanic of a bank. Down to the bottom with Moynihan and Gilligan's Island Crew. they can't dig the hole deep enough to bury all their shenigans.
Correct! Moronhann has been playing hardball and tried some dirty underhanded tactics that have blown up in his face now. Just a matter of time as the continue to procrastinate and #$%$ of the judicial system in the process. There best bet is to settle, but Moronhan is too arrogant for that, so he will get what he deserves.