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Bank of America loses $2.24B as loan losses rise

Submitted by meekandmild on Fri, 10/16/2009 - 10:01
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CHARLOTTE, N.C. – Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills.

http://news.yahoo.com/s/ap/20091016/ap_on_bi_ge/us_earns_ban...

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And because

Submitted by V1-P on Fri, 10/16/2009 - 11:51.

Because we bailed them out TWICE, we lose.

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Writing down assets

Submitted by healthnut4freedom on Fri, 10/16/2009 - 10:44.

A lot of the homes they foreclosed on have been sold for significantly less than what they had on the books. That makes for huge losses.

Healthnut4freedom

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I though BA collected over

Submitted by ThePatriot on Fri, 10/16/2009 - 10:04.

I though BA collected over 36 billion in overdraft fees this year alone.

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