Tag Archives: stock bank

Bank of America Loses Another $5 Billion On Countrywide

Bank of America must be kicking itself for its acquisition of Countrywide and Merrill Lynch. These buys have only cost them about $50 billion and who knows how big the Countrywide loss will go? The Los Angeles Times says: Implicitly … Continue reading

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Bank of America Profits Drop

NEW YORK (AP) — Bank of America Corp. on Monday reported third-quarter results earlier than planned, revealing a wider-than-expected profit drop and plans to boost capital by selling $10 billion stock and halving its dividend. Like most other major financial … Continue reading

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I Hope My Bank Doesn’t Have All Its ‘Capital’ In Junk Loans

Downey Savings, and then not far behind them, First Federal and Washington Mutual are going to have all the "capital" in junk loans.  No one should have any faith in the banking system and should move their money out of … Continue reading

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