BAC Ready to Take Off?

In after hours trading, Bank of America announced it was entering initial settlement talks with several mortgage investors who want BAC to repurchase some of the $47 billion improper mortgages sold to them.  This has been an ongoing problem for the financial industry who have been beaten to a pulp by the media and government for unethical foreclosure processes.  Now that this issue could be behind BAC, nothing is truly holding this stock down to its 52-week lows.  Expect it to break resistance at $13 by years end?  There’s only one thing I want for Christmas…


2 responses to “BAC Ready to Take Off?

  1. “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford

  2. Pingback: Assange Taking Down Banks? | All The Bull

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