Also released with market closed: BAC may take 6.5 billion loss

Discussion in 'Trading' started by wilburbear, Mar 22, 2008.

  1. Your title for this thread is misleading. You do realize that they are considering a provisional writedown. In layman terms, that only means that they might consider taking a paper loss in anticipation of potential future losses. It doesn't mean they actually are taking a 6.5 billion loss.
  2. Which btw...if they do do this writedown, it will be a screaming buy as every specuator that knows nothing about balance sheets will be shorting the house on BAC. Bring on the lemmings!