TITLE

Banking shifts with B of A deal

PUB. DATE
January 2009
SOURCE
Las Vegas Business Press (10712186);1/26/2009, Vol. 26 Issue 4, pP28
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the additional $20 billion approved by then-U.S. President George W. Bush for the bailout of Bank of America. He mentions that the bank has already received $25 billion from the U.S. Congress' $700 billion economic stimulus package. He points out that the additional aid would be used to cope with losses from the bank's acquisition of Merrill Lynch in 2008. He questions the decision-making process involved in the issue.
ACCESSION #
36588965

 

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