premise: The Boscovs department store chain , based in Reading , filed for bankruptcy today in Wilmington , Delaware . The company will close ten stores and get $ 250 million in rescue loans from Bank of America and others to remain in business . Boscovs rapidly expanded into malls when consumers were gravitating away from them and began opening stores farther and farther away from its Pennsylvania base . As the economy went south and consumers began pulling back on shopping the stores sank into debt . Why did Bank of America give a failing company a large loan ?
hypothesis: It was in Bank of America 's best interests to keep it alive .