Bank Of America May Need To Raise $40-$50 Billion Of New Capital

Business Insider ^ | Aug. 22, 2011, 4:25 PM | Henry Blodget

[Steely Tom]

Piece of cake for the geniuses at BofA.

[Steel Wolf]

Gosh, I wonder where they’re going to find 45-50 billion dollars worth of capit-HEY, LET GO OF MY WALLET!!!

[NohSpinZone]

Crap, I’m going to get fees up the wazoo, I suppose...

[Defiant]

After they take it from your wallet, Obama will make himself CEO.

[DTogo]

Is this article discussing Bank of America... or America?

[allmost]

They are challenging many repos. It must not add up.

[Vigilanteman]

Bank of America should merge with PEMEX and become a Mexican Company. After all, they wanted to be the bank of choice for illegal aliens.

[jimpick]

Hey maybe they can raise the fees on current account holders and the ones that stay can pay for the needed money. Oh wait I closed my account because of that, maybe that won’t work for them.

Or better yet raise the size of the bonuses for the CEO who is lowering the value of the stock. No wait they did that two.

I give up maybe we should just get it from the tax payers again.

[Cheetahcat]

Hey sell your Property then.

[allmost]

To who?

[HereInTheHeartland]

As a lowly mortgage loan officer who used to work for BofA; I said the day I heard of the CW acquisition, that it might take BofA down.
I assumed of course I was wrong and being dramatic. I left there before that acquisition; but have been following them every since

Bof A had a conservative albeit somewhat inept mortgage culture. Countrywide was the slick; Escalade driving, swindle their grandmother culture.
BofA appears to have had no idea what they were doing.

[null and void]

Maybe they can get some of Obama’s stash...

[Cheetahcat]

“To who?”

LMAO,Right, it would have to be Owner financing then!

[max americana]

True. KFI dug up the history of the execs and one of them is a well-known sympathizer for La Raza. That’s why a lot of people withdrew their money from BOA.

I went to Chase in DT LA just to inquire about changing my CC from personal to biz and the bank manager himself came out to talk biz. The only thing missing was that he was going to kiss my behind. This from a harmless inquiry..

[Steely Tom]

BofA appears to have had no idea what they were doing.

I think that language can be found right in their mission statement.

[allmost]

The feds are trying to regulate that as well. No sales without big brother’s approval. As if things were not bad enough.

[RayChuang88]

There are persistent rumors one of China’s “Big Four” banks (the most likely candidate, the Bank of China) or a larger stable bank like JP Morgan Chase is interested in buying a stake in Bank of America.

[Cheetahcat]

“The feds are trying to regulate that as well. No sales without big brother’s approval. As if things were not bad enough.”

This out of control monster needs put on a leash!

[TomasUSMC]

No more money for the banksters.