GreenestEgg

BofA, Lehman, AIG: The New Financial Realities

None of this is a surprise. Compare the trend of 'net income' vs. 'cash flow from operations' on any of these banks' balance sheets and you'll see that this was coming since 2006.

More cash going out than coming in is almost never a healthy way to run a mature business, especially one that doesn't need to retool factories. It all seems kind of obvious in hindsight.