Bank of America Post Staggering $2.2 Billion Loss in 2010

Here we go again another massive financial loss in the US banking sector this time with the Bank of America posting losses of $2.2 Billion US Dollars in 2010

But as usual the bank are not being transparent and declaring the full reasons for the losses

But the Bank of America try as they may, will not fool the US Joe Public they already know that the BofA paid out millions of US dollars to many employees in salaries and bonuses

What is even more deceptive is that BofA executives state that even more losses will be revealed in the next accounting period – why can they not declare the losses now

The bank and their spin doctors have a lot to answer for, but as usual it is likely that they will find a way of turning blatant deception into an unfortunate trading anomaly!

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