Tuesday, January 13, 2009

BofA to loss $3.7 billion for the quarter

A surprise to no-one except Ken Lewis. Did anyone not think that Countrywide and Merrill wouldn't drag down BofA? The last leg on his three legged stool is their corporate real estate portfolio, and the termites have already holed out that leg. It only looks good, if you don't look very closely!

No comments: