dealbook.blogs.nytimes.com - 1/16/2009
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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 Bank of America know and when did it know it? ...
nytimes.com - 1/17/2009
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nytimes.com —
At the Palm Beach Ritz-Carlton last November, John
C. Hope III, the chairman of Whitney National Bank...
in New Orleans, stood before a ballroom full of Wall Street analysts and explained how his bank intended to use its $300 million in federal bailout ...
(more)
Bailout Is a Windfall to Banks, if Not to Borrowers
globaleconomicanalysis.blogspot.com - 1/16/2009
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globaleconomicanalysis.blogspot.com —
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 ...
(more)
Bank of America Threatens Fed, Demands More Cash From ...
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
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The S.E.C. Explains
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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 .
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