- Joined
- Apr 26, 2011
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ALL major commercial banks admitted they are actually losing tens and tens of
billions from their normal banking activities.............but yet they were able to reports billions of profits due to their manipulation of the stock, commodity, foreign, etc markets............
remember the USD1400+ TRILLION derivative scam ??? how to escape from such a HUUUUUGE bomb ???
Bank of America Corp. (BAC), face a further $27 billion of housing-related losses between now and 2013 in addition to the $46 billion it has booked so far.
“The process of addressing legacy mortgage issues will be long and arduous,” the analysts said. “Recent declines in home prices and an uptick in employment trends create an upward bias to our loss estimates”
Bank of America Chief Executive Officer Brian T. Moynihan, said he expects future U.S. home-price declines will be “incremental,” after reports of the biggest quarterly drop in values in two years. Home prices in 20 U.S. cities fell 5.1 percent in the first quarter, the largest decline since the first quarter of 2009, according to the S&P/Case-Shiller index.
About 44 percent of Bank of America’s total lending is linked to housing, compared with 34 percent at its competitors.
same nonsense happening at other banks too................
billions from their normal banking activities.............but yet they were able to reports billions of profits due to their manipulation of the stock, commodity, foreign, etc markets............
remember the USD1400+ TRILLION derivative scam ??? how to escape from such a HUUUUUGE bomb ???
Bank of America Corp. (BAC), face a further $27 billion of housing-related losses between now and 2013 in addition to the $46 billion it has booked so far.
“The process of addressing legacy mortgage issues will be long and arduous,” the analysts said. “Recent declines in home prices and an uptick in employment trends create an upward bias to our loss estimates”
Bank of America Chief Executive Officer Brian T. Moynihan, said he expects future U.S. home-price declines will be “incremental,” after reports of the biggest quarterly drop in values in two years. Home prices in 20 U.S. cities fell 5.1 percent in the first quarter, the largest decline since the first quarter of 2009, according to the S&P/Case-Shiller index.
About 44 percent of Bank of America’s total lending is linked to housing, compared with 34 percent at its competitors.
same nonsense happening at other banks too................
