Bank of America Corp. said Friday it lost billions of dollars in the third quarter

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Obama we have a problem….. Stimulus money working is it?

Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing more evidence that consumers are still struggling to pay their bills.

The nation’s second-largest bank said it wrote down loans on its books by almost $10 billion during the July-September period, up almost $1 billion from the second quarter. The bank also added $2.1 billion to its reserves to cover bad loans, bringing its provision for credit losses to $11.7 billion. The bank’s total allowance for loan and lease losses now totals $35.83 billion. Read More

As you were told Obama that America can not spend its way out of the recession, but then you don’t listen to anything you’re told because you don’t care as long as you can push your socialist agenda down our throats. I have all reasons to think that Obama will have to listen to the American voters come 2012. Just about everyone I talk to on the streets say they can not wait to see Obama leaving the White House.

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One comment on “Bank of America Corp. said Friday it lost billions of dollars in the third quarter

  1. Pingback: Stimulus Funding Part II: Temp Funding Sci Research Won’t Stop the Brain Drain- Following the Money for October 18, 2009 « ON MY WATCH – the writings of SamHenry

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