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Bank of America first hit the news as one of the major banks receiving TARP funds. The government “stress tests” found that Bank of America needed $33.9 billion in capital just to survive. When that news came out, they started selling extra stocks and liquidating …

Bank of America said yesterday that in less than two weeks it has raised over $13.4 billion through the sale of 1.25 billion extra shares of stock at an average price of $10.77 each. “We’re pleased to have this portion of our capital plan completed,” …

After receiving $45 billion in bailout money already, Bank of America is now saying that it needs an additional $34 billion to make it through the “worsening recession.”
According to The New York Times, which cites an executive at the bank, the U.S. government told BofA …