The American Spectator : The Spectacle Blog : Bank of America $35 Billion Short?

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The Spectacle Blog

Bank of America $35 Billion Short?

By Robert Stacy McCain on 5.6.09 @ 8:51AM

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.

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Pingback| 5.6.09 @ 9:00AM

Bank of America $35 Billion Short? | But As For Me links to this page. Here’s an excerpt:

Bank of America $35 Billion Short? | But As For Me TWITTER • FACEBOOK But As For

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 ...

Pingback| 5.6.09 @ 10:56AM

Topics about America » Archive » The American Spectator : AmSpecBlog : Bank of Americ links to this page. Here’s an excerpt:

: AmSpecBlog : Bank of America $35 Billion … Topics about America The American Spectator : AmSpecBlog : Bank of America $35 Billion … Posted in America Topics on May 6th, 2009 Robert Stacy McCain placed an observative post today on The American Spectator : AmSpecBlog : Bank of America $35 Billion … Here’s a quick excerpt Pingback| 5.6.09 @ 9:00AM. Bank of America $35 Billion…