May 2009
1 post
That $34B Headline Number
Both the WSJ and NYT have front page news on newly leaked figures regarding Treasury’s stress test of Bank of America. Conveniently, their numbers match—$33.9B. Unfortunately, that’s about where the congruence ends.
WSJ:
Regulators have told Bank of America Corp. that the company needs to take steps to address a roughly $34 billion capital shortfall based on results of the...
