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An article on TIME magazine's Website currently poses the question: Is Bank of America a Zombie?
Well Money Morning Global Investment Strategist Martin Hutchinson told readers two years ago that it was.
And more recently, on June 13 of this year, Global Macro Trends Specialist Jack Barnes issued a "Sell" call on the company, citing its poor prospects. That was three months before the U.S. Federal Housing Finance Agency sued BofA and 16 other banks over the lousy mortgage securities these institutions created in the run-up to the financial crisis.