| Author | Message | ||
     Network76 Junior Artist Username: Network76 Post Number: 18 Registered: 11-2010 Posted From: 24.126.174.103 Rating: N/A |
Yeah.. that is a good possibility..someone taking over BOFA.. "You know how to whistle, don't you, Steve? You just put your lips together and blow." | ||
| Ashton Side Hero Username: Ashton Post Number: 9100 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
BOA may not get any bail out this time. Remember, QE2 is being designed for these kind of situations. But,as the market capitalization decreases further it would be acquired by some other bank in the future.Their investment in Toxic asset market would drive down the bank further and it would be an easy target for other big banks to acquire BOA. | ||
| Network76 Junior Artist Username: Network76 Post Number: 17 Registered: 11-2010 Posted From: 24.126.174.103 Rating: N/A |
As the first sentence point out, there is a possibility of bail-out for BOFA. What do you say? "You know how to whistle, don't you, Steve? You just put your lips together and blow." | ||
| Ashton Side Hero Username: Ashton Post Number: 9099 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
Even if they go bankrupt you will still have to pay whatever debts you owe them... Even credit card balances. | ||
| Ashton Side Hero Username: Ashton Post Number: 9098 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
"Its stock value has dropped 40 percent since April, and the bank is mum on what losses it's hiding on its $2.3 trillion balance sheet." http://www.alternet.org/economy/148817/bank_of_america_is_in _deep_trouble,_and_there_may_be_financial_disaster_on_the_ho rizon/ |
