{"id":9649,"date":"2009-01-16T00:00:00","date_gmt":"2009-01-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bank-of-america-receives-138-billion-of-rescue-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/bank-of-america-receives-138-billion-of-rescue-funds.html","title":{"rendered":"Bank of America Receives $138 Billion of Rescue Funds"},"content":{"rendered":"<p>Bloomberg &#8211; Bank of America Corp., the largest U.S. bank by assets, received a $138 billion emergency lifeline from the government to support its acquisition of Merrill Lynch &amp; Co. and prevent the global financial crisis from deepening. <\/p>\n<p>The U.S. will invest $20 billion in Bank of America and guarantee $118 billion of assets &ldquo;as part of its commitment to support financial-market stability,&rdquo; the Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. said in a joint statement shortly after midnight in Washington. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&#038;refer=us&#038;sid=aeZm19V4gAxY\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Bank of America Corp., the largest U.S. bank by assets, received a $138 billion emergency lifeline from the government to support its acquisition of Merrill Lynch &amp; Co. and prevent the global financial crisis from deepening. The U.S. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3491,2410,4439,5818,5816,4680,3919,509,5876,4636,261,5877,418,4165,4689],"class_list":["post-9649","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-acquisition","tag-amp","tag-assets","tag-bank-of-america","tag-bank-of-america-corp","tag-federal-deposit-insurance","tag-federal-deposit-insurance-corp","tag-federal-reserve","tag-financial-market-stability","tag-global-financial-crisis","tag-insurance","tag-lifeline","tag-merrill-lynch","tag-treasury-department","tag-u-s-bank"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9649","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9649"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9649\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}