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Real Estate & Property Law

: Housing Wire

Fed to the Rescue, Grants BofA $20 Billion More

By KELLY CURRAN

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Whispers Thursday afternoon of a possible second-round injection of federal funds into Bank of America Corp. (BAC: 7.18 -13.70%) were confirmed late Thursday night when the U.S. Treasury and Federal Deposit Insurance Corp. announced in a press release the government had agreed to invest an additional $20 billion into the banking giant. The $20 billion [...]

Full post as published by Housing Wire on January 16, 2009 (boomark / email).

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