This is huge news. Bank of America is in trouble. According to the Wall Street Journal:
Bank of America Corp.'s board has been told that the company could face a public enforcement action if regulators aren't satisfied with recent steps taken to strengthen the bank, said people familiar with the situation.
It sounds like if Bank of America doesn't get things under control, some sort of public action will be taken against them. This sounds pretty serious. Maybe EVERYONE needs to move their money out of this bank.
See the full story here.