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Bank of America Could Lose $44B in a Severe Recession
- 88840-8855 4y agoI think we must see those numbers in perspective. 44B is not much. The US is spending a lot, e.g. just the initial package to "support Ukraine" is 40B USD. With the pre-war support of the Ukranian democratic movement it adds up to 55B USD support of Ukraine just in the past 12 months. https://www.csis.org/analysis/what-does-40-billion-aid-ukraine-buy https://www.csis.org/analysis/what-does-40-billion-aid-ukrai...
- BillSims 4y agoTrying to get perspective, Google says BofA assets are 2.52T and 44B is 1.75% of that, but with money at that scale the simple percentage may not mean that.