Reply #24: There's been no indication yet that it will come from taxpayers.

[Frank Booth]

From the article:

It's unclear how Bank of America might raise necessary capital, including whether it does so by selling assets or by issuing more common stock.

The bank has said it may sell its First Republic Bank business. It also could sell some or all of its holdings in China Construction Bank (601939.SS) (0939.HK), China's No.2 lender.

If it is unable to sell enough assets, it might be forced to convert some of the government's preferred shares into common stock. This would dilute existing shareholders, and could leave the government as one of the bank's biggest shareholders. . . . Federal Reserve Chairman Ben Bernanke said on Tuesday that most of the capital-needy banks will be able to raise additional capital through "either issuance of new capital or through conversions and exchanges, or the sales of assets and other measures."