According to the report, Bank of America made the decision at the request of counterparties--client institutions with exposure to the bank. That would be worrisome, since reports of counterparty nervousness in 2008 regularly caused massive selloffs in shares of Morgan Stanley(MS), Goldman Sachs(GS), and, more troublingly, at Bear Stearns and Lehman Brothers prior to the demise of those institutions.
Bank of America Clients Are Worrying -- You Should, Too - TheStreet
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Seeded on Thu Oct 20, 2011 9:03 PM

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