Different Take on the Buffett Investment in BAC....

Mike Krieger has a different take on Warren Buffett's (BRK.A) Bank of America (BAC +9.4%) investment: It's "extremely bearish for the market, the economy and the financial system." It shows BofA did indeed need capital, Krieger says, and that the Fed may be "out of the game. No one has confidence in the Fed to come save the day," so they went to the next best thing: "Uncle Warren."