Bank of America Death Watch

``This blog is starting a Bank of America death watch. It is clear that the Charlotte bank has too much in the way of legal liability that it will not be able to shed and yet-to-be-taken writedowns on balance sheet items for it not to be at risk of a death spiral. Its stock was down 7.44% yesterday, which puts its market cap at $89.5 billion, which is a mere 41.6% of common equity... that means if the bank is under pressure to raise its capital levels, it will be so dilutive as to be problematic...''