Do you think Bank of America will go under?
Things seem to be looking worse and worse for BoA as today they along with 4 other of the big 6 banks were downgraded by S&P to A-.
With the loss of business from all the people transferring to community banks or credit unions they have to be feeling the pinch, being are were the largest bank in the US. Added to this they were one of the worst culprits of the whole banking fiasco that has caused this country and even the world a lot of grief.
They keep getting bad publicity after bad publicity and they deserve it but I wonder how long can they hold up? Personally, I think it would serve them right to go under, but I guess only time will tell if they stay alive or not.
|