globaleconomicanalysis.blogspot.com - 1/16/2009
—
Bank of America fell a whopping 18.43% today, hitting a new 52 week intraday low of $7.35 on concerns it is not going to easily be able to digest the merger with Merrill Lynch. I suggest Bank of America has easily bitten off more than it can chew and said so at the time, on September 15, 2008 in ...
nytimes.com - 1/16/2009
—
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
newsroom.bankofamerica.com - 1/16/2009
online.wsj.com - 1/15/2009
—
online.wsj.com —
WASHINGTON -- The U.S. government is close to
finalizing a deal that would give billions in additional...
aid to Bank of America Corp. to help it close its acquisition of Merrill Lynch & Co., according to people familiar with the situation. Discussions ...
(more)
Bank of America to Get Billions in U.S. Aid
Comments
Blog Reactions
Bank of America Threatens Fed, Demands More Cash From Taxpayers
IEHI Feed: The Hedge Fund Implode-o-Meter —
Bank of America Threatens Fed, Demands More Cash From Taxpayers (blogspot.com) Search Enter your search terms Web HF Submit search form 2009-01-16 "Gary Townsend nails it with his statement: “They’ve been so acquisitive, they find themselves with very little in tangible equity”. Let me simplify matters a bit with this statement. "Bank of America is Insolvent"." ...
BAC/MER Gets Life Support / $100Bln Writedown?
Manhattan Real Estate: New York City Real Estate Tips —
... I'll leave this piece with a few rants from two of my favorite bloggers:
MISH's "Bank of America Threatens Fed, Demands More Cash From Taxpayers" - ...
Related Content
Bank of America Goes Public on Back Door Politics of Merill Deal
economicdiscourse.com 2/5/2009 — Bank of America broke the critical $5/per share level today on renewed concerns about their financial stability. The markets are fearing the worst, and as the ship begins to sink, new information on the politics of the merger are beginning to bubble up. Bank of America is essentially declaring ...
Did Bank of America Mislead Investors?
dealbook.blogs.nytimes.com 1/16/2009 — Bank's of America's not-so-surprising announcement on Friday that it is being bailed out by the federal government because of excessive losses at its new Merrill Lynch subsidiary raises a number of questions. The most significant of these is what did ...
Ken Lewis, the Master Government Negotiator
dealbook.blogs.nytimes.com 5/15/2009 — Bank of America's Kenneth Lewis has made some questionable private deals, but he is a master at negotiating with the government and leveraging a weak hand to cover his missteps, The Deal Professor says.
In Bank of America Mess, Whither Wachtell?
dealbook.blogs.nytimes.com 10/16/2009 — Deal Professors Steven Davidoff and Peter Henning mull over the potential dilemma facing Wachtell, Lipton, Rosen & Katz after Bank of America agreed to waive its attorney-client privilege for documents related to its Merrill Lynch deal.
Opportunities in Bank Bonds, Part 2
alephblog.com 3/12/2009 —
Thinking about Citigroup and Bank of America — Given to Fincorp Clients 3/4/09
When the government gets involved in business, the rules of the game change. Creditworthiness becomes less of an “analyze the metrics” affair, and more of a “how strong of a guarantee” affair. ...
The S.E.C. and BofA: What's Next?
dealbook.blogs.nytimes.com 9/25/2009 — What's next for Bank of America and the S.E.C., now that a judge has rejected their settlement? Peter J. Henning, a professor at Wayne State Law School, considers the possibilities.
More on Bank of America
baselinescenario.com 9/28/2009 — Last Wednesday I wrote a highly critical post about the agreement between Bank of America(BAC) and the government (Treasury, the Fed, and the FDIC) to terminate BAC’s asset guarantee agreement in exchange for a payment of $425 million. I’ve learned some more about this and I think ...
No, Wait! You Got It Backwards!
baselinescenario.com 2/26/2009 — There is nothing inherently wrong with convertible preferred stock. In Silicon Valley, for example, venture capitalists almost always invest by buying convertible preferred. The idea is that in the case of a bad outcome, the VCs are protected, because their shares have priority over the common ...
Uncle Sam Kitteh Sez —
The Big Money 1/16/2009
Recommended Reading: "Senate releases second part of bailout fund"-- New York Times . OR: "Bank of America gets $20 million in U.S. aid"-- Wall Street Journal . OR: "House Dems push $825 billion recovery plan"-- Politico .
Photo cred: ...
Follow WallStreetBlips on Twitter
