Bank Of America To Get Billions More In Bailout Funds From Treasury

Posted on | January 14, 2009 |

The Treasury Department plans to invest billions of dollars in Bank of America to help the company absorb troubled investment bank Merrill Lynch, according to two people familiar with the matter, The Post’s Binyamin Appelbaum reports. The new investment, which is expected to be announced next week, is in addition to $25 billion the government already has invested in Bank of America, including $10 billion specifically in connection with the Merrill Lynch deal

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