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  1. 01-16-2009, 08:48 PM #1
    bkniefel Guest

    Default Bail out Bank of America

    Yesterday at midnight, Bank of America announced it had finalized a $20 billion infusion of federal cash, largely to cover expected losses from the Charlotte-based bank's takeover of floundering Merrill Lynch.

    What is funny about this is that if you are not aware, Wells Fargo has merged with Wachovia. Wachovia being based in Charlotte..
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  2. 01-16-2009, 08:51 PM #2
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    eejit101
    eejit101 is offline They Call Me Philly!
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    Whats funy for me is i have no idea who or what your really on about!
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  3. 01-16-2009, 08:52 PM #3
    bkniefel Guest

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    Quote Originally Posted by eejit101 View Post
    Whats funy for me is i have no idea who or what your really on about!
    What? I don't understand your comment.
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  4. 01-16-2009, 09:01 PM #4
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    eejit101
    eejit101 is offline They Call Me Philly!
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    As a british person, all i know is that charlotte have the hornets ad is in Virginia....

    Who is merryl lych and why do people need $20bil?
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  5. 01-16-2009, 09:05 PM #5
    bkniefel Guest

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    Quote Originally Posted by eejit101 View Post
    As a british person, all i know is that charlotte have the hornets ad is in Virginia....

    Who is merryl lych and why do people need $20bil?
    They are a financial company in the states. That's a good question. Why does ford need billions to save the company but then created new commercials. Now, they think they're still going to loose the company after we gave them 4 billion. The tax payers are paying for these expenses.
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  6. 01-16-2009, 09:26 PM #6
    allinking17
    allinking17 is offline Gambling Master
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    Ahh wow, this is really not looking good to reverse this downwartd trend in our economy
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