Replies to post #7075 on Bank of America Corp (BAC)

[Capinvest63]

I doubt that Buffet's selling has any more traction -

As noted John Paulson reduced his position as well. Yet Soros and 13 other hedge funds bought heavy into BAC.

Most banks recovering along with the DOW, except BAC. There is a news that the Fed Government is working on a settlement with all the big banks with the Foreclosure Scandal, yet apparently the market believes only BAC to be culpable here. The DOW has moved from 90 point down to only 28 points down and yet BAC is stuck at $13.94. We were down 2.2% when the market was down 100 points and still down 1.5% now.

Take a look at WFC, JPM and MS, they have all wiped out more than a 1% decline thus far.

Moynihan has to go, pure and simple. And that is just the start of cleaning BAC up.