And what about HRBN? Did Geoinvesting, Little and Pearson get that wrong? Of coarse Little pumped it as legit, before he pumped it as a fake.
BAC's current problem isn't it's home loans. It's the lawsuits.
Their mistake in all of this was to get suckered by the Fed into buying Country Wide and Merrill. They didn't need to do that.
This morning on Bulls and Bears, one of the regulars said BAC up 50% in a year.
Warren Buffett(WB), has put billions into GS, WFC, USB and now BAC.
(So one could ask, what's wrong with JPM and C.)
But I guess a lot of people think they are smarter than WB and are predicting BAC's demise......