{"id":24271,"date":"2011-08-24T08:19:19","date_gmt":"2011-08-24T12:19:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24271"},"modified":"2011-08-24T08:19:19","modified_gmt":"2011-08-24T12:19:19","slug":"bank-of-americas-share-nosedive-fuels-fears-of-a-second-credit-crunch","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2011\/bank-of-americas-share-nosedive-fuels-fears-of-a-second-credit-crunch.html","title":{"rendered":"Bank of America&#8217;s share nosedive fuels fears of a second credit crunch"},"content":{"rendered":"<p>Guardian &#8211; Bank of America continued its tailspin on Tuesday as shares in the largest US bank tumbled by another 6.4% to their lowest level since March 2009, fuelling fears of a second banking crisis.<\/p>\n<p>As concerns mounted that BoA will need to take huge additional write-offs on bad mortgages, the cost of insuring the group&#8217;s debt jumped to record levels and investors became increasingly concerned that the financial system could be facing a fresh\u00a0credit crunch.<\/p>\n<p><a href=\"http:\/\/www.guardian.co.uk\/business\/2011\/aug\/23\/bank-of-america-credit-crunch-fears?CMP=EMCGT_240811&amp;\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guardian &#8211; Bank of America continued its tailspin on Tuesday as shares in the largest US bank tumbled by another 6.4% to their lowest level since March 2009, fuelling fears of a second banking crisis. As concerns mounted that BoA [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24271","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24271"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24271\/revisions"}],"predecessor-version":[{"id":24273,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24271\/revisions\/24273"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}