The bank set aside an additional $3.6 billion for potential bad loans, a reflection of the darkening economic outlook
President Trump’s announcement that the U.S. would halt funding to the World Health Organization draws criticism, U.S. airlines and the Treasury agree on a rescue package, and South Korea holds a national vote in the era of social distancing. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Salvatore Di Nolfi/EPA-EFE/Shutterstock
Profits fell 45% but they still made money. I am less than sympathetic.
I am still confused why America cannot produce large amounts of testing kits. Russia and China are watching. USA has no response capability after a nuclear or biological attack. Look how quick that carrier was out of commission. Laughable.
All those billionaires who own or have investments in large corporations receiving bail out money better realize if the country is not healthy enough to participate in the economy, your big f*cking stimulus $ won't save your businesses.
Banks lend out over 9 times more money than they actually have...how do they have cash to just set aside? I thought the banks hold OUR money?
FIAT CURRENCY! Print money with NO INTRINSIC VALUE. Then CONTROL INTEREST RATES. COLLECT DEBT thru COERCION! Humanity PAYS for the CONSEQUENCES of THEIR TRANSGRESSIONS! 7 TRANSGRESSIONS: Murder Assault Rape Theft Trespassing COERCION Willful Lying
There’s going to be 40% defaults
Start cutting the top - Trickle down that pain Bank of America CEO Moynihan's 2019 compensation was $26.5 million
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