MainePERS, read this:
"Bank of America equity is worthless."
"BAC is the WorldCom of banking."
"...no sustainable competitive advantage."
"BAC deserves more downgrades..."
"...a dishonest accounting mess..."
Read the full Value Investors Club commentary here.
[h/t ZeroHedge]
More below. A pro's pro, Gary Shilling, tells Bloomberg why the big banks are such a rotten investment at this time:
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