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9 pts

Opinion on Bank of America Corp (BAC) Sector: Financial > Industry: Money Center Banks
BAC will need the government facility or else

Jul 22, 2008 06:43 PM UTC

Tom Caddoo

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If the $700 billion government sponsored investment fund is not passed, then I believe there will be extreme pressure on Bank of America's balance sheet. With the mortgages they acquired from Countrywide as well as the CDOs and other securities instruments they will acquire from Merrill Lynch, they will need this facility in order to sell these securities and shore up their balance sheet.

BAC: This call was made on 07/22/08 @ $30.07

Rating:	$30.07 (07/22/08)
Gain/Loss:	-60.96% in 123 days

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Opinion on Bank of America Corp (BAC) Sector: Financial > Industry: Money Center Banks BAC will need the government facility or else

Opinion on Bank of America Corp (BAC) Sector: Financial > Industry: Money Center Banks
BAC will need the government facility or else