Economy

March 21, 2009

BofA's insider loans zoomed in 2008, but no one will say why

For at least seven years, Bank of America's quarterly insider lending never exceeded $300 million and was often less than half that. But by the end of 2008, it had jumped to $624 million — the largest increase of any bank in the country. The bulk of that came as credit markets froze and mounting financial calamity threatened the industry's survival.

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