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Bank of America Net Income Falls 77% on Writedowns. Something tells me that their acquisition of the mortgage lender Countrywide will not do good things for their balance sheet in the coming year.
o o o
UN chief warns world must urgently increase food production
Just as I predicted, lots of fallowed land in the CRP is again being tilled: Land Once Preserved Now Being Farmed
Don't miss reading this one, from The Market Oracle: Commercial Banks Heading for Huge Derivatives Losses- Credit Crisis Turning into Credit Armageddon
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