Bank of America raise capital on the same day their stock dropped 26%. Unusual, but also indicative of the basic trust that BofA will come back.
Bank of America raised $10bn late on Tuesday by selling shares at a price far lower than the bank had hoped for after it weathered a difficult day in which its stock dropped by 26 per cent.
Bankwatch 
it was dumb for BAC to buy countrywide & merril.They’re junk hasn’t even hit the fan yet. BAC has trillion of dollars in derivatives, and as soon as things continue to go back, they will be on the fed’s door step whining and crying to bailed out. what do you think?
@Clay … nothing would surprise me.