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Bank of America should follow GM's lead, says analyst Whalen

Sept. 12 - The Congressional Super Committee on Deficit Reduction holds its first public hearing Tuesday with the goal of saving at least $1.2 trillion in government spending over the next 10 years. Chris Whalen, Reuters blogger and co-founder of Institutional Risk Analytics, says Bank of America should file for chapter 11 bankruptcy, similar to GM, with the support of the FDIC and the Fed.

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