Tag: FDIC

Bank of America Loan Backstop

On January 16th 2009, Bank of America (BofA) disclosed with its first ever quarterly loss of $1.79 billion, a US government loan backstop for $118 billion on assets mostly from its government encouraged Merrill Lynch acquisition1. The loan backstop is

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Bailout Money Tracker – CNN Money

CNN Money is maintaining a great resource tracking all the bailout money. For an overall comprehensive list of all the bailout programs by Congress, Treasury and the Fed List of 650 banks, so far, which have received bailout money List of 94

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