Bank of America (BAC 2.89%) is an icon of the American banking industry, but after suffering some major setbacks during the housing collapse that hurt so many banks worldwide, is it a buy today? In this video, Motley Fool analyst Anand Chokkavelu takes a deeper look at Bank of America, and gives us some reasons why now, with the price that it's trading at today and the sheer size of this "too big to fail" institution, may be a great time to get involved.