Syl

What Does Bank of America's Decline Mean for the Global Banking System?

It is hard for me to see why BAC invested in a Chinese venture when everyone knows that in a Communist dominated country the government can nationalize any industry and take complete control of its assets and operate it as the beaucrats wish. I also agree that the take over of Countrywide and Merrill were risky moves. Let BAC stay with banking and not other activites in which they are not well versed.