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Direxion Daily Financial Bear 3X ETF Message Board

  • dublucash2004 dublucash2004 Dec 13, 2010 12:25 PM Flag

    BAC Looks Sold - or not?

    rian Moynihan isn't one to look back. And as the chief executive of Bank of America, he has plenty of reasons not to, Nelson D. Schwartz reports in The New York Times.

    His company is staggering under the weight of his predecessors' decisions, and each day seems to bring more bad news. More than 1.3 million of the bank's customers are behind on their home loans, all 50 state attorneys general are investigating the industry's foreclosure practices and Bank of America has become a leading symbol of the mortgage mess.

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