Bank of America: Lower Interest Rates Will Restore Confidence

Justin Sullivan/Getty Images News Introduction A few weeks ago, I wrote an article on the so-called "busted" preferred shares issued by Bank of America (NYSE:BAC) as it was unlikely that those shares will be force-converted anytime soon. While I have pretty much always focused on the Series L preferred shares, Bank of America has issued several other series of preferred shares, and in the comment section of the previous article, some readers commented that the other series of preferred equity issued by  ...