Tuesday, August 23, 2011

Do you feel another one coming?

Another massive theft of public funds in plain view, that is. The largest bank in the country is stands mortally wounded at the edge of cliff with predators and parasites watching to see if the Bernank will come riding back to rescue from Jackson Hole this week. What is interesting is the very public debate between the press and the blogging community and the bank regarding their solvency. Here is what touched it off and here and here are the rebuttals from Zero Hedge. On a day where the broader markets were up 3% BAC was down 1.87%, who do you believe the market or the managers?

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