Bank Of America continues to desperately raise firesale capital (which it most certainly does not need).

BANK OF AMERICA AGREES TO SELL 13.1B SHRS OF CHINA CONSTRUCTION

BANK OF AMERICA SEES SALE GENERATING $8.3B PROCEEDS

BANK OF AMERICA KEEPS 5% STAKE IN CCB

BOFA SEES CUTTING RISK-WEIGHTED ASSETS BY ABOUT $16.1B BASEL

BOFA SEES SALE GENERATING ABOUT $3.5B ADDED TIER 1 CAPITAL

BOFA SEES GAIN $3.3B ON SALE

In summary: That's $13.3 billion in new capital in the past week that BofA promises it does not need. At all. As for the buyers: the same sovereign wealth funds that just bailed out the Greek banking sector for a few more days.