At a minimum he stands to make $300 million per year. More likely he'll net between $3.2 to 6.4 billion, and because of the preferred stock treatment and dividend restrictions, B of A doesn't get to treat it as tier 1 capital, meaning they overpaid for the money. His deal, and options, effectively give him the power to say yeah, or neah, on common stock dividends.

B of A overpaid for a reason. Just sayin'. Small depositors shouldn't be harmed. (Under $250,000) Nothing looming just yet, but watch it.

When I worked for B of A, we could day trade B of A stock in our 401K. I made $32,000 in a month based on the volatility at that time, right after 9/11/01.