[lbo-talk] counting to 200? 300? 500? 1000? add 3 more

Doug Henwood DHENWOOD at PANIX.COM
Tue Nov 13 08:57:10 PST 2007


NEWS ALERT from The Wall Street Journal

Nov. 13, 2007 Bank of America said it will take a pretax write-down of about $3 billion in the fourth quarter to reflect a drop in value of securities related to mortgages and will spend $600 million supporting in-house money market funds that are exposed to troubled financing entities called structured investment vehicles. Bank of America shares rallied more than 3% on the news.

For more information, see: http://online.wsj.com/article/SB119497081881491491.html?mod=djemalert



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