BAC To sell 1.25 Billion shares

[S2007S]

Quote from forsalenyc:

Financial sector is being manipulated by none other than our government as we know it. so much for capitalism lol.

capitalism, free markets????

 

[bond_trad3r]

The XLF Plunge Protection Team is more daring than the original PPT.

 

[Bigpipn]

The sale of these new shares will be worse than the blood bath in the bond market today.

 

[Cdntrader]

Quote from Bigpipn:

The sale of these new shares will be worse than the blood bath in the bond market today.

The funny part is the reason BAC ramped from 10 to 15 was that CNBC reported Wed. am that BAC would not have to raise capital via common stock offering, rather that they could simply convert preferreds to satisfy the government stress test for TCE.

And now the stock is up afterhours on news of common stock offering! Too funny!


should be a great short tomorrow.