Friday, July 22, 2011

Is Bank of America At Risk of a Death Spiral? « naked capitalism

Bank of America is getting into a deeper hole by their recent activity. They reported massive losses not long after requesting to get approval for a dividend increase, refused to modify loans and misled the public over their situation, to just name of few of their transgressions. Here is an article that asked the question about the future of B of A and whether or not they may be soon be in a black hole with no way out. Is Bank of America At Risk of a Death Spiral? « naked capitalism

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