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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>WSJ: Bank of America Needs $35 Billion in Additional Equity | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="ZpQIAJjPeT"&gt;&lt;a href="https://www.nakedcapitalism.com/2009/05/wsj-bank-of-america-needs-35-billion-in.html"&gt;WSJ: Bank of America Needs $35 Billion in Additional Equity&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2009/05/wsj-bank-of-america-needs-35-billion-in.html/embed#?secret=ZpQIAJjPeT" width="600" height="338" title="&#x201C;WSJ: Bank of America Needs $35 Billion in Additional Equity&#x201D; &#x2014; naked capitalism" data-secret="ZpQIAJjPeT" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>So much for the cheery assumption that Citigroup and Bank of America each needed only $10 billion, based on leaks of Citi&#x2019;s likely $10 billion need. This amount of funding is not available from private sources, absent massive dilution of existing shareholders. And assuming, as we and some others, such as Nouriel Roubini, do, that [&hellip;]</description></oembed>

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