By Glenn A. Brown, DMD, MBA on January 17, 2009
A multi billion dollar aid package for Bank of America is being considered by the federal government to help with losses at Merrill Lynch.
Bank of America’s shares fell another $1.88, to close at $8.32. Bank of America benefited from last Fall’s relief aid, receiving $25 billion in aid. Even with aid from the government, Bank of America stocks continue to plunge.
Wall Street is bracing for another round of losses from the banks.
Posted in In the News | Tagged bailout, Bank of America, economy, recession
Glenn A. Brown, DMD, MBA is solo practitioner of Real World Law, a general practice law firm located in Philadelphia and Delaware, which focuses on chapter 7 13 11 bankruptcy, business litigation, and real estate transactional matters. Dr. Brown helps single individuals, married couples, small businesses, corporations, sole proprietors and partnerships obtain debt relief under the US Bankruptcy Code.
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