Is Bank of Amurica! safe or was Buffett a temporary fix?

safe! no way in hell it goes under. they sold off part of the credit card business to TD or RBS recently (one of the two) -- therre increaseing capital...slowly but surely

I don't think anybody knows whether they are safe, not even management.

This article explains it all. http://finance.yahoo.com/blogs/daily-ticker/bomb-might-blow-hole-bank-a…

In summarry... WHAT THE FCUK IS THE TRUE VALUE OF ITS ASSETS AND LIABILITIES!!??!

Nobody can accurately answer that question, so nobody can accurately tell whether BAC is safe.

BAC is insolvent, they are rapidly selling assets, scrambling for liquidity. Anyone who cant see this, doesnt belong in this biz.

BAC is seriously fucked. They won't be allowed to go under b/c of Lehman, but that doesn't rule out a shareholder-destruction type deal like an AIG or a GM.

5 billion from Buffett and 8 billion from sales of CCB stock ain't even close to cover up the losses from the crappy Countrywide loans. Somewhere around 50 billion would be necessary. And what of the RMBS, CMBS, CDS linked to them? Unless the housing market starts a dramatic recovery or the Bernank yet again pumps in liquidity into the system via QE3, I don't see BAC recovering. But then again, if BAC gets into serious trouble of course the Fed will bail them out. So yes, BAC is safe, for the near term.

i don't like the fact they said they didn't need to raise capital and they raise capital ....

i don't like the fact that moynihan is still their ceo. They need a jamie diamond.