Government Bailout Rescues BoFA

Bank of America received a government bailout worth $138 billion, according to Bloomberg. The firm's stock has fallen 75 percent in trading since it announced the takeover of Merrill Lynch in September. And the Financial Times is reporting that Bank

By None

Bank of America received a government bailout worth $138 billion, according to Bloomberg.

The firm’s stock has fallen 75 percent in trading since it announced the takeover of Merrill Lynch in September.

And the Financial Times is reporting that Bank of America executives are furious at the extent to Merrill’s financial troubles.

jt

«