Nick Paleologos
Wednesday, October 19, 2011
A $45 billion taxpayer bailout rescued BOA from bankruptcy in 2008-09. Now BOA is returning the favor:
"Bank of America reported a
$6.23 billion profit
for the third quarter"
---Nelson D. Schwartz, NY Times October 18, 2011
"Bank of America announced it would
lay off 30,000 employees
, as part of a wide-ranging plan to save $5 billion in annual costs by the end of 2013."
---Susanne Craig, NY Times October 18, 2011
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