Surveying the market amidst potential Bank of America cuts

September 12, 2011

Produced by Eight Forty-Eight

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(Flickr/Pranav Bhatt)
With the news that Bank of America may cut 40,000 jobs, 'Eight Forty-Eight' speaks to David Greising about banks and business.

Last week, President Obama last week pitched his plan to put the country back to work. But not everyone should expect a break from the unemployment lines: Bank of America was said to be considering a cut of about 40,000 jobs. The company also looked a little peaked in the market – which of late, proved an unkind place for many firms. Particularly to companies that toyed with going public – the IPO stream turned to a trickle. David Greising, an editor with the Chicago News Cooperative, joined Eight Forty-Eight to talk about banks and other business news.

Music Button: Memory Tapes, "Today Is Our Life," from the release Player Piano (Carpark Records)