BofA's (BAC) Moynihan Says His 'Entire Net Worth is in This Company'; Won't Comment on Bankruptcy Option for Countrywide

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Back to the Fairholme Capital conference call:

When Bruce Berkowitz asked Moynihan "why aren't more insider's buying" BofA shares, the BofA (NYSE: BAC) exec replied with: "my entire net worth is in this company."

Moynihan declined to predict when the bank would boost its dividend, however he said when the Fed clears BofA, he sees a dividend payout of around 30 percent.

The exec would not comment on the possibility of bankruptcy for Countrywide.

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Conference Calls, Trader Talk

Related Entities

Bank of America, Fairholme Capital Management, Dividend, Bankruptcy, Bruce Berkowitz

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