Tuesday, November 13, 2007

Another Lender Writes This One Off

* Taking the art of blogging seriously, I attended a blog trade show this weekend in Las Vegas. Called Blogworld, this show had a few seminars and some interesting exhibitors. Look for a much-improved blogsite in the next couple of weeks!

* The news today was that Bank of America is taking a $3 billion hit on its books due to bad debt. They're doing what most lenders are doing, large or small. My thought is this needs to be done so that the books can get cleaned up. They are calling their losses "manageable". That simply means that this won't take them down. But we assumed that.

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