America's Banks: Too Big to Survive
On April 20, Bank of America announced a first quarter surge in earnings to US$4.2 billion. At first blush, it looked like the kind of news that would ignite a stock market rally. Instead, the Dow closed down 289 points. Could it be that, despite the apparent good news, investors don't trust the banks or the economy?
In recent months, two administrations…
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