Friend just called and notified me that he heard people are receiving letters from Scottrade indicating a tender offer for Bank of America. I expect this to be a rumor but am unsure given the crazy things that have happened over the past year. Has anyone else heard about this?
Futures has proven to be ineffective so they are not going directly into the market. PPT is getting desperate!
Maybe it's those Somali Pirates, after the Citibank deal fell through. .10 cents a share is better than the FDIC seizing it and shareholders getting nothing.