$25 BILLION wasn’t enough
4 posters
Page 1 of 1
$25 BILLION wasn’t enough
by SamCogar Thu Jan 15, 2009 4:01 pm
Bank of America (BAC) will receive at least $15 billion in additional bailout money from the U.S. government to help complete its merger with Merrill Lynch, a source told FOX Business on Thursday.
Shares of BofA plunged 25% amid reports the bank might get these funds, which are in addition to the $25 billion of funds the bank has already received from the Treasury Department’s Troubled Asset Relief Plan.
BofA declined to comment.
http://www.foxbusiness.com/story/markets/industries/finance/bofa-shares-falter-reports-needs-new-tarp-money/
SamCogar- Number of posts : 6238
Location : Burnsville, WV
Registration date : 2007-12-28
Re: $25 BILLION wasn’t enough
by ziggy Fri Jan 16, 2009 12:28 am
What kind of an economic system is it that a $25 billion dollar windfall, followed quickly by a $15 billion dollar windfall, causes a company's stock value to keep decreasing?
ziggy- Moderator
- Number of posts : 5731
Location : Jackson County, WV
Registration date : 2007-12-28
Re: $25 BILLION wasn’t enough
by Stephanie Fri Jan 16, 2009 12:59 am
The kind that uses Monopoly money.
Stephanie- Admin
- Number of posts : 6556
Age : 60
Location : West Virginia
Registration date : 2007-12-28 -
Re: $25 BILLION wasn’t enough
by Aaron Fri Jan 16, 2009 9:14 am
That's what happens when the largest bank is forced to take on billions of anothers toxic assets.
Aaron- Number of posts : 9841
Age : 58
Location : Putnam County for now
Registration date : 2007-12-28
Similar topics» She's lucky it wasn't her two (2) dogs.
» It's a good thing that this wasn't from a TEA Partier
» NOPE, thank gawd, ... t'wasn't WV this time
» It's a good thing that this wasn't from a TEA Partier
» NOPE, thank gawd, ... t'wasn't WV this time
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum