To: JasonC
>> Bond holders or preferred holders to borrow capital.
Very good. Now...
How much must BAC borrow?
From whom?
Why?
27 posted on
09/26/2008 9:32:20 PM PDT by
Nervous Tick
(I've left Cynical City... bound for Jaded.)
To: Nervous Tick
2 trillion all told and change, some of it from depositors, some from bondholders. To finance its entire asset position, in mortgages and business loans etc.
29 posted on
09/26/2008 9:33:28 PM PDT by
JasonC
To: Nervous Tick
More specifically - $1.55 trillion in its own assets before the Merrill merger closes, and $931 billion more that Merrill has to borrow. All told, $2.48 trillion in debts that must be financed. Those debts are held against $2.68 trillion in combined assets, with the difference being the stock capital of both combined.
35 posted on
09/26/2008 9:39:41 PM PDT by
JasonC
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