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Monday, after I wrote that the economic fundamentals "suck," the stock market actually had a good day, gaining more than 200 points. Now, however, comes the bad news. Bank of America is reportedly facing a $35 billion capital shortage

Meanwhile, Chrysler won't repay its federal bailout loans and the company's private creditors are outraged by the Obama administration's hardball tactics.  And -- when it rains, it pours -- Rep. Henry Waxman is reportedly ready to "fast track" his climate-change legislation.

View all comments (4) | Leave a comment

2Anglico| 5.6.09 @ 9:52AM

Sounds like the amount of losses BAC had to eat from the government FORCED buyout of Merrill Lynch.

Ashby Seaver| 5.6.09 @ 9:58AM

Yes, BAC is up today. Mr. McCain doesn't know much about markets ...

Ashby Seaver| 5.6.09 @ 9:58AM

Yes, BAC is up today. Mr. McCain doesn't know much about markets ...

biniki| 9.1.09 @ 10:15PM

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More Blog Posts by Robert Stacy McCain

http://spectator.org/blog/2009/05/06/bank-of-america-35-billion-sho

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