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Man it sure sucks to get yourself in a mess and have to rely on those horrible credit merchants

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 07:47 PM
Original message
Man it sure sucks to get yourself in a mess and have to rely on those horrible credit merchants
Bank of America Posts Loss for Year
http://www.nytimes.com/2010/01/21/business/21bofa.html

The bank said a $45 billion repayment to the Treasury of money from the Troubled Asset Relief Program weighed on its quarterly results, with an associated cost of about $4 billion. Without the TARP repayment and dividends it paid on preferred stock, it said its fourth-quarter loss would have been $194 million.

Citi posts $7.6bn loss and looks to international business for revival
http://www.ft.com/cms/s/0/b3421702-0574-11df-a85e-00144feabdc0.html

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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 07:52 PM
Response to Original message
1. Awwwww
:nopity:
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TicketyBoo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 07:54 PM
Response to Original message
2. What I don't understand about this

is how did their executives earn million-dollar bonuses?


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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 08:02 PM
Response to Reply #2
3. How else are they going to attract "top level talent"?
:shrug:
:sarcasm:
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