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BofA to need $34 billion in capital: source
Reuters ^
| May 5, 2009 10:48pm EDT
Posted on 05/05/2009 8:40:22 PM PDT by jern
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To: JasonC
Put buying rumor mongers would be my diagnosis. No, actually, the truth.
41
posted on
05/06/2009 4:07:25 AM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: rlmorel
Argh. Something like that I would be fine leaving in place, I just wish I could move everything else. I am winding down my Citi bank accounts. The nearest branch office is 100 miles away. They slashed outgoing electronic transfers to $2K. The inconvenience alone is a reason ditch them. Also, I have to physically go to the bank if I want to perform certain actions like terminating a CD early.
42
posted on
05/06/2009 4:16:23 AM PDT
by
EVO X
To: capydick
Corporate dweebs, MBAs, Lawyers, RINO’s all being bitch slapped by government power and not one of them has the sack to say F off, go public, get out or I get my gun, or I’ll see you in Federal Court.
43
posted on
05/06/2009 5:50:55 AM PDT
by
Leisler
("It is terrible to contemplate how few politicians are hanged."~G.K. Chesterton)
To: jern
44
posted on
05/06/2009 6:36:10 AM PDT
by
pointsal
To: rabscuttle385
45
posted on
05/06/2009 6:44:08 AM PDT
by
GOPJ
(Pinch Sulzberger,it so predictably turns out,is only a liberal with other people's money.Howie Carr)
To: Leisler
Exactly right. Jamie Dimon comes close but - these guys need to stand up and tell the gubmint to take a hike or just get it over with and nationalize them all at the same time instead of the incremental nationalization that is going on.
46
posted on
05/06/2009 7:23:56 AM PDT
by
capydick
(''Life's tough.......it's even tougher if you're stupid.'')
To: Intolerant in NJ
Bank of America has been deemed to need an additional $34 billion in capital...so let 'em start paying more than 2% on their CD's - attract capital the old fashioned way..... They mean equity capital, not new deposits.
To: givemELL
48
posted on
05/06/2009 12:07:42 PM PDT
by
givemELL
(Does Taiwan Meet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
To: curiosity
They mean equity capital, not new deposits...clearly I'm far from a financial whiz, but don't deposits count toward the net value of an institution, or must they be totaled separately becsue they must eventually be paid back - or is it another issue altogether?.....
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