I shorted into this. If it were such great news then the stock wouldn’t have ended the day after essentially even. BAC was just securing themselves the biggest seat at the table when CFC is cooked. Preferred stock gets paid out first in a liquidation and in a liquidation 2B will likely be half the value of the company or more. This turd is going down and after having to borrow 13.5B in money to stay afloat when they claim to have cash in the bank tells me this will play out in the next couple of weeks if not sooner.
