He's Not The Only One

He's Not The Only One

by
Abby Zimet

Based on the result of government "stress tests," regulators now say the Bank of America needs another $34 billion in capital to stay afloat – this, having already given the Ken-Lewis-led, bonus-bloated Titanic $45 billion in bailout funds. J. Steele Alphin, the bank’s
chief administrative officer, admitted the number was bigger than expected.

“We’re
not happy about it because it’s still a big number,” Mr. Alphin said.
“We think it should be a bit less at the end of the day.”

 

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