April 7th, 2009 [ Comments ]

Bank of America CEO Expects the Economy to Bottom In This 2009

According to Bank of America Corp’s chief executive offer, he projects the US economy to bottom in during the second half of 2009. Though he is observing “mixed” signals, he doesn’t think that the government will ask the banking institution to raise its capital. By mixed indications, he meant that housing sales data from some sources are better than forecasted while auto sales data is not as severe as it was originally believed.

Read more