Thanks for the news. I have read a lot of reports on this issue and I believed that the $34 bil. capital needs comes from an estimate I respect your research but it is hard to believe the amount of capital needs ($35 bil) for BAC. It seems to me that the source of the number comes from FBR.
I don't know if we should believe this number or wait until tomorrow to see press release from BAC or the FED. I know that all the banks have a gag order not to disclose the stress test info to public until the market close on Thursday.
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