Am I the only one who finds this hypcritical?
On the one hand, Bank of America is strenuously objecting to the government’s findings that they need more cash.
On the other hand, they are trying to raise more cash. What’s up with that?
Tom Vanderwell
Bank of America Plans to Raise $10 Billion in Capital – Financials * US * News * Story – CNBC.com
Bank of America is working on plans to raise more than $10 billion in fresh capital, even as it and Citigroup launch last-ditch attempts to convince the U.S. government they do not need to bolster their balance sheets, the Financial Times reported.
