1.0link97704<![CDATA[Bank Of America's Profit Drops 77 Percent]]>http://www.huffingtonpost.com/2008/04/21/bank-of-americas-profit-d_n_97704.htmlCHARLOTTE, N.C. — If the 77 percent drop in Bank of America's first-quarter earnings is any indication, the economy may have a long way to go before it works out the problems that began with the subprime mortgage crisis.
The nation's largest retail bank on Monday quintupled the money it set aside for loans that go sour, and hinted that consumer weakness and the housing slump means that things will not get better for it, or for the economy, for some...