Alright. Bank of America has weaseled another $20b. out of the US Treasury. Now, just like Citigroup, BofA has received $45b. in direct bailout funds. Now 2009 turns a weird psychological game for Wall Street. Are the bailout funds supposed to build confidence in the institutions or do they signal continued weakness? Both banks™ stock prices have been battered in recent days ahead of both the bailout deal and ugly earnings announcements. This is why what comes next is so vital. Citigroup is
Read More...
Monday, January 26, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment