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Bank of America Gets Quite a Deal
We have a deal. You, US taxpayer, have generously provided to Bank of America the following: one Treasury-FDIC guarantee "against the possibility of unusually large losses" on a pool of assets taken over from Merrill Lynch to the tune of $118bn, and a further Fed back stop if the Treasury-FDIC ...
Politics Seen in Bank Bailout Decisions
Politics Seen in Bank Bailout Decisions
online.wsj.com — As Obama's team revises TARP, it faces criticism of the process for deciding which banks get cash.... Some politicians, including Barney Frank, have used leverage to try to direct millions to their home-state banks. (more) Politics Seen in Bank Bailout Decisions
Bank of America to receive additional $20 billion - International Herald Tribune
Bank of America to receive additional $20 billion - International Herald Tribune
iht.com — Kenneth Lewis gambled on bold acquisitions to build Bank of America into the nation's largest bank. But... the need for fresh government support to grapple with the newly revealed losses at Merrill Lynch, the brokerage firm he snapped up in a rapid-fire ... (more) Bank of America to receive additional $20 billion - ...
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J Street Under Attack…Will The Other Gaza War Opponents Be Next?
The Hollywood Liberal — J Street Under Attack…Will The Other Gaza War Opponents Be Next? I haven’t posted about this yet because I thought it not particularly significant. It is not news when, during a war, it suddenly becomes hunting season for doves. Anyway, those who are familiar with my work know that the right… [image] [image] Bank of America Gets Quite a Deal We have a deal. You, US taxpayer, have generously provided to Bank of America the following: one Treasury-FDIC guarantee “against the possibility of unusually large losses” on a pool of assets taken over from Merrill Lynch to the tune of… [image] [image] This entry was posted on Sunday, January 18th, ...

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