Warren Buffett's $5 billion public vote of confidence in Bank of America, happily for him, does not require actual confidence. The terms of the legendary investor's deal, which grants Buffett's Berkshire Hathaway $5 billion in perpetual preferred stock and warrants to buy BofA stock at just over $7 a share, include no lockup period.

Barring the bank's failure, Buffett will earn about $300 million in dividends annually for his public endorsement and far more if its stock recovers over the next decade.

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