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Bank Of America May Need To Raise $40-$50 Billion Of New Capital
Business Insider ^
| Aug. 22, 2011, 4:25 PM
| Henry Blodget
Posted on 08/22/2011 8:49:32 PM PDT by DeaconBenjamin
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To: DeaconBenjamin
Piece of cake for the geniuses at BofA.
2
posted on
08/22/2011 8:50:42 PM PDT
by
Steely Tom
(Obama goes on long after the thrill of Obama is gone)
To: DeaconBenjamin
Gosh, I wonder where they’re going to find 45-50 billion dollars worth of capit-HEY, LET GO OF MY WALLET!!!
3
posted on
08/22/2011 8:52:03 PM PDT
by
Steel Wolf
("Few men desire liberty; most men wish only for a just master." - Gaius Sallustius Crispus)
To: Steel Wolf
Crap, I’m going to get fees up the wazoo, I suppose...
4
posted on
08/22/2011 8:53:11 PM PDT
by
NohSpinZone
(First thing we do, let's kill all the lawyers)
To: Steel Wolf
After they take it from your wallet, Obama will make himself CEO.
5
posted on
08/22/2011 8:54:31 PM PDT
by
Defiant
(We are governed by the Oboehner party.)
To: DeaconBenjamin
Is this article discussing Bank of America... or America?
6
posted on
08/22/2011 8:55:45 PM PDT
by
DTogo
(High time to bring back the Sons of Liberty !!)
To: DeaconBenjamin
They are challenging many repos. It must not add up.
7
posted on
08/22/2011 8:56:05 PM PDT
by
allmost
To: DeaconBenjamin
Bank of America should merge with PEMEX and become a Mexican Company. After all, they wanted to be the bank of choice for illegal aliens.
8
posted on
08/22/2011 8:56:07 PM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: Steel Wolf
Hey maybe they can raise the fees on current account holders and the ones that stay can pay for the needed money. Oh wait I closed my account because of that, maybe that won’t work for them.
Or better yet raise the size of the bonuses for the CEO who is lowering the value of the stock. No wait they did that two.
I give up maybe we should just get it from the tax payers again.
9
posted on
08/22/2011 8:57:19 PM PDT
by
jimpick
To: DeaconBenjamin
Hey sell your Property then.
10
posted on
08/22/2011 8:58:15 PM PDT
by
Cheetahcat
(Carnival commie side show, started November 4 2008 ,A date that will live in Infamy.)
To: Cheetahcat
11
posted on
08/22/2011 8:59:18 PM PDT
by
allmost
To: DeaconBenjamin
As a lowly mortgage loan officer who used to work for BofA; I said the day I heard of the CW acquisition, that it might take BofA down.
I assumed of course I was wrong and being dramatic. I left there before that acquisition; but have been following them every since
Bof A had a conservative albeit somewhat inept mortgage culture. Countrywide was the slick; Escalade driving, swindle their grandmother culture.
BofA appears to have had no idea what they were doing.
12
posted on
08/22/2011 9:00:33 PM PDT
by
HereInTheHeartland
(I love how the FR spellchecker doesn't recognize the word "Obama")
To: DeaconBenjamin
Maybe they can get some of Obama’s stash...
13
posted on
08/22/2011 9:01:27 PM PDT
by
null and void
(Day 941 of America's holiday from reality...)
To: allmost
“To who?”
LMAO,Right, it would have to be Owner financing then!
14
posted on
08/22/2011 9:01:53 PM PDT
by
Cheetahcat
(Carnival commie side show, started November 4 2008 ,A date that will live in Infamy.)
To: Vigilanteman
True. KFI dug up the history of the execs and one of them is a well-known sympathizer for La Raza. That’s why a lot of people withdrew their money from BOA.
I went to Chase in DT LA just to inquire about changing my CC from personal to biz and the bank manager himself came out to talk biz. The only thing missing was that he was going to kiss my behind. This from a harmless inquiry..
15
posted on
08/22/2011 9:01:53 PM PDT
by
max americana
(FUBO NATION 2012 FK BARAK)
To: HereInTheHeartland
BofA appears to have had no idea what they were doing. I think that language can be found right in their mission statement.
16
posted on
08/22/2011 9:02:35 PM PDT
by
Steely Tom
(Obama goes on long after the thrill of Obama is gone)
To: Cheetahcat
The feds are trying to regulate that as well. No sales without big brother’s approval. As if things were not bad enough.
17
posted on
08/22/2011 9:07:31 PM PDT
by
allmost
To: DeaconBenjamin
There are persistent rumors one of China’s “Big Four” banks (the most likely candidate, the Bank of China) or a larger stable bank like JP Morgan Chase is interested in buying a stake in Bank of America.
18
posted on
08/22/2011 9:09:52 PM PDT
by
RayChuang88
(FairTax: America's economic cure)
To: allmost
“The feds are trying to regulate that as well. No sales without big brothers approval. As if things were not bad enough.”
This out of control monster needs put on a leash!
19
posted on
08/22/2011 9:24:05 PM PDT
by
Cheetahcat
(Carnival commie side show, started November 4 2008 ,A date that will live in Infamy.)
To: DeaconBenjamin
No more money for the banksters.
20
posted on
08/22/2011 9:36:36 PM PDT
by
TomasUSMC
( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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