iht.com - 1/16/2009
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Kenneth Lewis gambled on bold acquisitions to build Bank of America into the nation's largest bank. But the need for fresh government support to grapple with the newly revealed losses at Merrill Lynch, the brokerage firm he snapped up in a rapid-fire arrangement at the height of the financial ...
mcclatchydc.com - 1/16/2009
krugman.blogs.nytimes.com - 1/18/2009
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krugman.blogs.nytimes.com —
OK, I've been doing more homework on the
"bad" or "aggregator" bank idea that seems to be...
gaining ground. And here's what I think: it's mainly based on a false analogy. What people are thinking about, it's pretty clear, is the Resolution Trust ...
(more)
More on the bad bank
nytimes.com - 1/16/2009
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nytimes.com —
Kenneth D. Lewis gambled on bold acquisitions to
build Bank of America into the nation’s largest bank....
But the need for fresh government support to grapple with the newly revealed losses at Merrill Lynch , the brokerage firm he snapped up in a ...
(more)
Bank of America to Receive Additional $20 Billion
Comments
Blog Reactions
BOA DOA
This Blog Is Full Of Crap —
Bank Of America gets a bailout.
This is the same pack of well-heeled fucktards that lent Michael Jackson a ton of money to keep his child-molesting ass at Neverland Ranch, right?
Sheesh.
Nationalization of American Economy Continues
Daily Pundit —
Bank of America to receive additional $20 billion - International Herald Tribune
But the need for fresh government support to grapple with the newly revealed losses at Merrill Lynch, the brokerage firm he snapped up in a rapid-fire arrangement at the height of the financial crisis in September, raises questions about whether the bank has gone a deal too far.
Two weeks after closing its purchase of Merrill Lynch at the urging of U.S. regulators, the government cemented a deal at midnight Thursday to supply Bank of America with a fresh $20 billion ...
Bailed-out Bank of America spent $10 million on Super Bowl party.
Think Progress —
... Just weeks ago, the federal government extended $20 billion to Bank of America to keep it afloat, bringing its total in federal bailout dollars received to $45 billion. ABC News reports, however, that the bank managed to ...
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Bank of America to Get Billions in U.S. Aid
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The right way to create a good bank and a bad bank
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Bank of America Blows Bailout on Execs (video)
youtube.com 1/15/2009 — http://seiu.org/bofa Taxpayers have given Bank of America $25 billion in bailout funds to help jumpstart our economy, but instead the bank has misspent on ex...
Bank of America Gets Quite a Deal
tpmcafe.talkingpointsmemo.com 1/18/2009 — We have a deal. You, US taxpayer, have generously provided to Bank of America the following: one Treasury-FDIC guarantee "against the possibility of unusually large losses" on a pool of assets taken over from Merrill Lynch to the tune of $118bn, and ...
Bank of America Posts Quarterly Loss After Bailout (Update3)
bloomberg.com 1/16/2009 — Jan. 16 (Bloomberg) -- Bank of America Corp. , the largest U.S. bank by assets, posted its first loss since 1991 and cut the dividend to a penny after receiving emergency government funds to support the acquisition of Merrill Lynch & Co. The ...
Bank Of America To Get Billions More In Bailout Funds From Treasury
huffingtonpost.com 1/15/2009 — The Treasury Department plans to invest billions of dollars in Bank of America to help the company absorb troubled investment bank Merrill Lynch, according to two people familiar with the matter, The Post's Binyamin Appelbaum reports.
The new ...
Bank of America: Stop Payment on the Bailout
freechoice.seiu.org 1/16/2009 — Tell Bank of America: Help Your Workers or Give Back the Bailout Watch this video and sign our petition demanding Bank of America use its bailout to help its workers and boost the economy.
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