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AmSpecBlog
Bank of America $35 Billion Short?
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:
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:
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