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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.
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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