a deck mate of mine recently complained about the $4.1 billion acquisition of Country Wide mortgage company by Bank of America.  i had to ask why that was such a huge thing to him and he responded that he didn’t think we should bail out a sinking ship…

well the thing about that sinking ship is that it holds the majority of US Real Estate in the belly of that boat. not something that i want on the bottom of the sea as far as i am concerned.  what he should have been looking for was the wind that is now filling the sails of BAC stock.  since the acquisition of Counrtywide, BAC has gone up almost $7/a share. if you were smart enough to jump on that boat you are going to be riding the swells for awhile.