Wednesday, May 06, 2009

0, 1, 5, 10,... ok Maybe $34 Billion

Think of all the insider trading opportunities there may have been with all of the conflicting press reports.

May 6 (Bloomberg) -- Regulators have determined that Bank of America Corp. requires about $34 billion in new capital, the largest need among the 19 biggest U.S. banks subjected to stress tests, said a person with knowledge of the matter. Bank of America fell 9 percent in trading before U.S. exchanges opened.