|
BAC is probably the one of the strongest who will survive (only the strongest will survive).
But call it "safe" ia an overstatement. BAC is a bank and like any bank they could suddenly get a skeleton out of the closet. I don't think anything could hurt BAC that badly but if we are not lucky, ...we are very unlucky.
Back in Nov 2007 I bought MS, because someone told me that they had little exposure to subprime mortgage which was true. But their exposure to CDO's was huge and this very few poeple knew. I tried to sell them at $68.90 hen it traded abovce $70. The order was neve filled. You know the rest...
__________________
|