Finally a comment about BAC. I agree. The 8.5 Billion should be a slam dunk, but there are a lot of angry constituants that elect judges and politicians that want more blood. I think it still gets approved though. BAC still trades at a huge discount, and their brand has improved over the past year by staying out of the news (although it still has a ways to go). Moynihan has learned to underpromise and overdeliver. The CCAR test results should be great in 1Q 2014. Banks tend to be harder on themselves than the fed during these tests - and Moynihan/Thompson have both said that their have been tremendous strides since last year. If they just repeat last year and are allowed to Buyback ~10B, they could in theory buy nearly 7% of outstanding shares - which would be huge (and they still have 4.5B to use for buybacks from last year).