Bank of America is in Trouble

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Well, it looks like banks are in trouble yet again, and this time it's a big, systemically important bank, not one of those smaller, systemically important banks.

This time it's Bank of America showing over $100 billion worth of unrealized losses.

Timecodes
0:00 Introduction
1:49 How Bonds Work
5:31 Bank of America Situation
7:54 The Bailout
9:15 The Consequences

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#BOA #BankofAmerica