Bank Of America Bails Out A Bank In Trouble | The Economic Ninja

The Economic Ninja talks about how the bank of america bailed out some banks in trouble

The Economic Ninja talks about how the Bank of America bought 2,000 property loans from Washington Federal Bank for $2.9 billion. This is less than what was owed, showing these loans had problems. The Federal Reserve likely made this happen to avoid a bank failure. Many regional banks are struggling and might fail by 2026. The property sector also has issues due to the pandemic and high borrowing costs …Learn More, Click The Button Below.

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