From the WA Post:
"The government will not require Bank of America Corp. to raise any new capital as a result of its stress test, although the company will be required to increase its holdings of common equity, the most dependable kind of capital, by about $35 billion"
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/06/AR2009050602182.html?wprss=rss_business
"the most dependable kind of capital"- how much less knowledgeable could this article possibly sound?
It makes sense after you read that they are switching the gov's preferred shares to common, but not getting more, however they still seem pretty clueless.
