Oct 16
New York Times: Bank of America reported a third-quarter loss on Friday, releasing results that showed a bank burdened by mortgage defaults and credit card delinquencies. The bank, which had big profits in the previous two quarters, reported a loss of $1 billion in the third quarter before accounting for dividends to preferred shareholders, in particular the federal government. When those dividend payments are included, the loss was $2.24 billion. Some of the red on the bank’s balance she
