Cramer's Lightning Round - Bank Of America Might Be Done Going Down
Bank of America : "...at this point, you are back where Warren Buffett bought BAC... it is way too late to sell...I think it might be done going down." GameStop : "I am worried about the long-term mobile implications.
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#1 Oct 28, 2011
Bank of America is going bankrupt.
#3 Nov 1, 2011
Jesse, What did you hear? Someone told me something to do with the Merrill Lynch business is going to sink them.
I'd love to see them go, just would be a shame for all the people employed there.
#4 Nov 2, 2011
Ben they are shifting $75T - trillion - worth of derivatives from Merrill Lynch to BAC. That means onto the FDIC-insured retail side of their operations. The GDP of the world is $60T.
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