RSS Feed by Calculated Risk on 1/22/2008 08:05:00 AM
Tuesday, January 22, 2008
BofA: $5.28 Billion in CDO Write-Downs
From the WSJ: Bank of America Reports Sharp Drop in Earnings
Bank of America Corp.'s fourth-quarter net income fell 95% as the company recorded a higher-than-expected $5.28 billion in collateralized debt obligation write-downs and said credit costs soared.
