New 52 Week Low For Bank of America Today

Shares of Bank of America dropped to $5.03 today, a new 52 week low. The bigger worry though is: will this be something we're going to be saying for the ensuing weeks to come? Will Bank of America continue to slide lower and lower each day? Will Bank of America go from a $5 handle to $4 to God for bide a $3? Will the Too Big To Fail bank finally fail? If it does continuing to fall it can't be good for the entire financial sector. Here's a ten year chart for Bank of America's stock. It's been a

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Tagged 52 week low, bank of america, too big to fail

Dick Bove: “Moody’s Has Lost Its Mind”

Now we're talking. I love it when people get a bit riled up and start to say what they really think. Here, I think Bove is right. Moody's, ever late to the party, is make this call now, where were they three years ago when all the banks were failing apart? I don't think Ben Bernanke or anybody at the federal reserve would let Bank of America fail.

"That is so absurd I can't believe anyone would even write it. This is the largest bank in the United States," said Bove of Bank of America. "It has business with one out

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Tagged bank of america, dick bove, moody's, too big to fail

Ben Bernanke the Comedian

Do you hear them laugh at my jokes? I killed it. When I was asked about what I thought of Paul Giamatti portrayal of me in "Too Big to Fail" I said, "I didn't see that movie, but I saw the original." The crowd loved it. Oh yeah, I had another zinger, when I was asked about the dissension at the federal reserve meetings, all 18 of us sitting around a table. I said, "If there are two people that agree on a committee, then one of them is redundant." Zing. Take that Seinfeld. See ya kids. I'm off to trim

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Tagged ben bernanke's beard, comedian, too big to fail