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Is Bank of America about to fail?

Asked by john65pennington (29258points) August 9th, 2011

Looking at the whole picture of Bank of America, can it survive the dramatic drop in the stock market, it just received? From what I was told, their stock is now approximately $7.00 dollars a share. Is this a red flag in the banking industry? Question: is Bank of America about to fold? Who would be a good candidate to buy Bank of America? J.P. Morgan?

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