Billionaire Carlos Slim to Save Bank of America?

Aug 24, 2011
J. Webster
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Could billionaire Carlos Slim, the world’s richest man in the world, come in and save the biggest bank in America? The Mexican CEO of telecommunications companies Telmex and América Móvil sure has the resources.

Either way though, it seems like something like this, a loan from a Warren Buffet type or a big share purchase by a guy like Carlos Slim, is what it’s going to take to stop the assault on BAC’s stock. What do you think? Is Carlos Slim the man to save Bank of America? CNBC’s Jim Cramer thinks Slim might be ready to doing something like this. If this does happen, watch out for a big short squeeze on BAC.

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