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Posted by: Roben Farzad on February 04
Here’s a chart http://chart.finance.yahoo.com/c/my/b/bac that only a short seller’s mother could love. At less than $5 a share — a fresh almost-2-decade low — once-omnipotent BofA tows a market cap of just over $23 billion. We’re hearing that prized talent is getting out of Dodge, the better to accelerate deferred compensation — particularly as Washington regulates Wall Street pay. Begs the question: If outright nationalization is in the offing, what, exactly, will the taxpayer be owning? Just a mess out there. No shortage of fear and loathing.
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