Is bank of america being nationalized?

It is hard to say. Bank of America has yet to report results with Merrill Lynch included in its results. Prior to purchasing Merrill Lynch, Bank of America was probably not in too bad of shape

Even if a company reports a profit, it does not necessarily mean that the company is profitable because a company can choose an accounting technique that delays write offs to later years.

Unfortunately because of the lack of transparency, only the Fed and the bank knows the financial state of the bank.

It is estimated that there are between $1-$2 trillion worth of toxic assets (paying about 20 cents on the dollar) on the books of US banks. It would be hard to believe that Bank of America does not have at least $200 billion worth of those assets due to its large size and the fact that it purchased two very sick banks (Countrywide and Merrill Lynch).

The nationalization of any large bank is on the bottom of the list for anyone. This is because the taxpayer will have to absorb the cost of all the bad assets (probably $200 billion or more) where now the government is only making loans in theory.

Bank of America (BAC) isn't being nationalized.

They no longer need government assistance and will be buying back the governments $45b stake made by the previous Bush government over a 3 year period. Eventually the government won't have any ownership of BAC whatsoever.

Related Article: http://www.charlotteobserver.com/business/story/52...

I don't know which way your shares will go, but if your worried about nationalization, it's not going to happen. That's why BAC opened higher on Monday and the nationalization news is now more directed at Citigroup.

I haven't heard Citigroup is getting nationalized. I heard there is talk about the government buying a 25%-40% stake in the bank, but there's so many false rumors that I don't fully trust the media anymore.

It wasn't offered to very own vendors, inner maximum vendors hoodwink some congressmen to get the Federal Reserve financial business enterprise bill gone with the aid of congress whilst congress turn into on a Christmas recess and then Wilson, the goofball prez exceeded it, and then later reported what an fool he turn into in doing that. So, the Federal Reserve turn into owned by utilising inner maximum families at first, generally by utilising the Rothschild relatives in England, Zionist Illuminati Jewish inbredded morons, who administration yet another 10 families who very own the different critical banks international. The Illuminati will in no way enable our government nationalize their "useful" and could take down our u . s . to resign it from going on.

Well, IF BofA is nationalized, then your stocks will be worthless -- that's the fear plaguing the market right now.

If BofA is not nationalized, then is the projected long-term profitability a suitable return on the investment at today's market price? Only you can answer that for yourself.

Banks ara a dice roll, not an investment. I personally think that the Democrats are going to take us thru an Ayn Rand collapse as they try to micro-manage the world thru legislation..

No BofA is not even close. The stocks still have value don't they?