The Most Dangerous Bank In America?
In 2008-2009, BofA publicly took $45 billion in TARP bailout funds and secretly took another $91 billion in emergency Federal Reserve loans. According to Bloomberg News, it made $1.5 billion in profits off of those loans.
Yet, several analysts predict that BofA is woefully short of capital reserves.
A recent study by NYU's Stern School of Business ranks BofA as the most systemically risky firm in the United States.
No comments:
Post a Comment