Okay. So when I spoke of how much suckitude Bank of America had, I perhaps somehow managed to misunderestimate just how much they had.
Understandable, really. Apparently even they misunderestimated:
Dec. 10 (Bloomberg) — Bank of America Corp. has frozen its Columbia Strategic Cash Portfolio fund, which is marketed to institutional investors and has about $12 billion in assets, financial news network CNBC reported, citing unidentified people in money management.
Wow. So maybe one reason BoA sucks so mightily is because they’re actually strapped and therefore have to try to skim off their customers where and when they can.
Huh. That’s…disturbing, considering they’re one of the two largest banks in the United State of America.