Subject: Re: OT BAC blew $93B on share repurchases
Why would Berkshire own this stock with such mismanagement, ...

Where is the mismanagement? Moynihan is fulfilling the Milton Blasted Friedman doctrine of maximizing value for shareholders like Buffett.

Buffett is not above being a leach and sucking the American taxpayer dry as long as it drives up Berkshire share price. He and we benefited materially from Goldman Sachs bailout, for example.