Or did the bank's CEO engage in an 'old-fashioned shake down' in seeking a government bailout?
The plan seeks to contain the risk of large-firm failure. It would also give regulators alternatives to costly AIG-style bailouts.
Concern about its loan losses – and those of other banks – helped to push the Dow down 3.56 percent on Monday.
A fire hose of US funds hasn’t ended the credit crisis. So what’s Plan B?
President Obama names new task force to strengthen the middle class
Losses on mortgage debt, followed by recession woes such as corporate bankruptcies and rising defaults on credit cards, delivered a one-two punch.
Bank didn't foresee 'significant deterioration' in December. Merrill Lynch deal weighs on its future.