Comments on: Corporate Bankruptcies Will be a Key Investor Concern in the New Year

By: Robert Freeman

Robert Freeman — Thu, 08 Jan 2009 05:45:42 +0000

There is no way on earth that Bank of America would go broke despite its bad recent acquisitions. It survived the Great Depression and will survive this one too. It is another financial institution that is just too big to fail and the government would not allow it to fail. It has close to a 50% share of the retail deposit market. I do agree that Chrysler is in a precarious position though.

By: Raul

Raul — Wed, 07 Jan 2009 22:24:18 +0000

I was in the understanding that BAC bought Countrywide Financial Corp at a very-very reduced price, when you consider CFC’s assets minus possible liabilities PLUS a Tax Credit of about 30B (not sure about this amount) that is directly transferred to BAC

By: Brian Arnold

Brian Arnold — Wed, 07 Jan 2009 13:31:02 +0000

I find it interesting that in this article C is being tossed out with the dirty laundry, yet all through last year Money Map recommended C as a buy until the very end when they reluctantly let it go.