Bank of America gets big government bailout (Reuters)

[riky]

Bank of America gets big government bailout
    (Reuters)

 

Reuters - Bank of America Corp was rescued by the U.S. government on Friday through a $20 billion bailout and a guarantee for almost $100 billion of potential losses on toxic assets to cushion the blow from a deteriorating balance sheet at Merrill Lynch & Co, its recently acquired brokerage.


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