Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

 

8,300 Unique Visitors In The Past Day

 

Powered by Squarespace

 

Search The Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

 

 

Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« Netherlands Joins Germany In Opposing Larger EU Bailout | Main | Dow Plummets More Than 600 Points »
Monday
Aug082011

CHART: Bank Of America Stock Has Fallen 50% In A Month

AIG sued BAC for $10 billion today (for massive mortgage fraud) which sent the stock down 21%.  Details including a copy of the lawsuit are here.  Story from CNN below.

---

CNN

Investors are losing confidence in Bank of America.

"Management has tried to reassure investors over the course of the last six months that they are getting on top of the mortgage problem but investors are very skeptical," he said, adding that there's really nothing that Bank of America can do to stop its stock price from falling.

There was more bad news for Bank of America. Credit default swaps (CDS) tied to its debt were at their highest level since May 2009.

Credit default swaps reflect the interest rates that Bank of America has to pay to borrow money. If they keep rising, Staite said it would exacerbate investor concerns about whether the company has enough liquidity to run its business.

Bank of America stories from today:

 

 

 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.