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| + | == cheap jordan shoes www.amassdenver.com Bank of America getti == | ||
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| + | <p>The U.S. government early Friday morning agreed to invest $20 billion in Bank of America, and to protect the bank against up to $118 billion in potential losses from bank assets related to risky mortgage loans.</p> | ||
| + | <p itemprop="articleBody"> Early Friday morning,[http://www.amassdenver.com/ www.amassdenver.com], Bank of America reported a $2.39 billion fourth-quarter loss and slashed its quarterly dividend to a penny. Meanwhile, Merrill Lynch posted a $15.31 billion loss for the period. The company reported a profit of $4 billion for the year.</p> | ||
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| + | <p itemprop="articleBody"> "Congress has passed a financial stabilization plan as well as other programs put in place,[http://www.amassdenver.com/ cheap retro jordans], starting to stabilize the market and promote liquidity, but at a pace slower than any of us would like," he added.</p> | ||
| + | <p itemprop="articleBody"> Quarterly revenue after interest expense rose 19% to $15.98 billion from $13.45 billion a year earlier. Net interest income, or the money banks make on loans minus what it pays out in interest on personal bank accounts, rose 37% to $13.41 billion from $9.82 billion. The increase was fueled by higher market-based income, the favorable<ul> | ||
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