Warren Buffet is getting 6% on his Preferred Stock.
Just looking at their “cost of funds” (what B of A is paying depositors) and it’s an astonishing 0.48%. Screw the public, but Warren gets his lucre.
Go here and type in Bank of America. It’ll bring up all the details of the bank.
http://www2.fdic.gov/idasp/main.asp
To Warren (Buffett) From The Taxpayers: Eat #@/t You Jackass
Karl Denninger
September 24, 2020
http://market-ticker.org/akcs-www?post=167422