Replies to post #9332 on Bank of America Corp (BAC)

[superman1]

People will panic and selling tomorrow but hedge fund managers will be slowly buying in quietly.....

[PennyStockInvestor]

After the close of trading Tuesday, Bank of America was one of 37 financial institutions downgraded by S&P.
Beyond the S&P downgrade, trading could become even more complicated in Bank of America's stock, if it falls below $5. Under that threshold, many broker-dealers will not allow investors to buy or short a stock on margin, according to a spokesperson for the New York Stock Exchange.

Bondholder info:
BAC needs to raise $20billion to pay interest in 476 billion bond debt! 29-Nov-11 08:38 pm

Simple Math:

432 Billion * 5%, Thats $21.5 billion.

You know the bulk of that Corporate Paper is at an average of 5% or better with some at 7% to 9%. The recent downgrade will only cost more to finance. The numbers are very real and do not include the fact that over $100 billion of that paper is coming due in the coming months. More Pain.