Friday, December 30, 2011

BofA Posts Worst Showing in Dow Average - Bloomberg

BofA Posts Worst Showing in Dow Average - Bloomberg
Bank of America Corp. (BAC) is on track to be this year’s worst performer in the Dow Jones Industrial Average as concern about mounting mortgage losses and a global economic slowdown weighed on the second-biggest U.S. lender.
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So Uncle Sam and the Fed gave Bank of America multiple gazillion dollar bailouts and they still can't make money? Maybe FDIC receivership is in order, along with firing the management and getting an entirely new BOD.

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