The WSJ reports that BoA is close to getting its new bailout funding:
Reeling from previously undisclosed losses from its Merrill Lynch & Co. acquisition, Bank of America Corp. is expected to receive an emergency capital injection of $15 billion from the Treasury, which will also backstop as much as $120 billion of assets at the bank, said people familiar with the plan.
BoA shares lost 18% today as everyone waits to hear about both the bailout and the 4Q results. BoA pushed up their announcement from Tuesday January 20 to Friday AM — January 16.