Bank Of America “Is Insolvent”, Will be “Broken Up”

Mike “Mish” Shedlock has batted 100% – for the time I’ve been reading his blog – in calling companies insolvent months or years before it becomes public knowledge.

Mish is now saying “Bank of America Is Insolvent”.

And analyst Billings is saying that Bank of America will be “Broken Up”

Hold on to your hats, folks . . .

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  • http://www.blogger.com/profile/01904446704748470736 Gary

    I wonder why Bank of America needs more money from the US Treasury when the FED would loan them potentially unlimited amounts?

 

 

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