~!!~Bank of America wasn*t the only financial institution to stumble during this year*s tests, but it garnered more criticism than rivals after having to resubmit last year*s plan because capital ratios were misstated// The gaffe was a setback for Moynihan, who has worked to rebuild Bank of America following costly financial~crisis acquisitions by his predecessor that forced the company to accept a $45 billion government bailout//©
~!!~**The company*s liquid, it has a tremendous amount of common equity, it has reduced its litigation risk substantially, it has put a great deal of effort into getting its costs under control, so it*s hard to imagine what the government would find to be wrong with its submission unless it*s a structural or bureaucratic issue,** said Dick Bove, a banking analyst with Rafferty Capital Markets//©