George Says Berkshire Stake Boosts Confidence In BofA

Buffet BofA Still

David George, a bank analyst at Robert W. Baird & Co., talks about Berkshire Hathaway Inc.'s $5 billion investment in Bank of America Corp. to bolster the company after losses tied to subprime mortgages drained capital.

The lender will sell cumulative perpetual preferred stock to Berkshire, the Charlotte, North Carolina-based bank said today in a statement. George speaks with Adam Johnson and Deirdre Bolton on Bloomberg Television's In the Loop.

Source: Bloomberg