3

bloggingstocks.com - 1/16/2009

Bank of America posts $4 billion profit, gets $120 billion from taxpayers

— bloggingstocks.com — So we the taxpayers now own Bank of America because its CEO Ken Lewis had to have... Merrill Lynch. As I posted last night, this does not appear right to me. Why should taxpayers pay for Lewis's failure to conduct rigorous due diligence before agreeing ... (more) Bank of America posts $4 billion profit, gets $120 ...

Comments vote downundo vote up AOL News found this 1/16/2009found this

2

money.aol.com - 1/22/2009

Thain to Resign From Bank of America

— money.aol.com — Thain to Resign From Bank of America posted: ONE MINUTE AGO comments: 0 Following a meeting with... Bank of America CEO Ken Lewis, CNBC reports that former Merrill Lynch CEO John Thain is stepping down, becoming the latest chief ... (more) Thain to Resign From Bank of America

Comments vote downundo vote up BloggingStocks found this 1/22/2009found this

Leave a Comment

Stocks in the news: AAPL, JPM, BAC, GOOG, MOT, LLY, INTC, STX ...
BloggingStocks — ... ) may be needing (and getting) more money from the federal government, according to The Wall Street Journal. Apparently, the bank is struggling to digest its Merril Lynch acquisition, whose losses were much greater than expected. This is the second round of bailout money the bank may be getting after it received $15 billion and Merrill got $10 billion already. The size of this bailout round is not yet known. BAC shares dropped more than 5% after hours, reaching their lowest level since 1991. By buying two distressed companies (Countrywide Financial the other) ...