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Bank of America...or Chaotica? (BAC)

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.

Reader Comments

J. Michael Steele

February 8, 2009 08:03 PM

"We’re hearing that prized talent is getting out of Dodge"

Where are they going?

The joke answer would be Kansas City, but what is the non-joke answer? Goldman Sachs would be nice, but I don't think they are hiring right now.

Thank you for your interest. This blog is no longer active.

 

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BusinessWeek's Adrienne Carter, Jessica Silver-Greenberg, and David Henry deconstruct the mysteries of high finance, Wall Street, and hedge funds for pros and ordinary investors. E-mail them directly if you've got tips about big deals, a hedge fund, or even securities industry gossip.

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