John asks…IS Time to Sell BOA ?WASHINGTON (AFP) - - The US government extended a new lifeline Friday to Bank of America, injecting another 20 billion dollars in capital and guaranteeing shaky assets to help it weather the grinding financial crisis.
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The bailout for the largest US bank by assets is aimed at helping Bank of America absorb broker Merrill Lynch, which faced a meltdown last year as the credit crunch intensified.
A joint statement by the US Treasury, Federal
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