It just ain't looking very promising.

Discussion in 'Current Events' started by RodISHI, Feb 3, 2009.

  1. RodISHI
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    RodISHI Gold Member

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    Business Week
    The Federal Bailout Hasn't Fixed Bank of America
    Bank of America's hasty Merrill takeover has put its future—and the federal bailout program—in question

    "Bank of America's (BAC) spectacular fall from grace has driven home two key points. First, even lenders that seem relatively safe from the credit storm can find ways to steer right into it, resulting in multibillion-dollar losses and brutal share sell-offs. Second, Washington's $138 billion rescue package of the........



    Over a million dollars being spent in the bailout per US citizen spent for this?

    They are going to throw more money at the banks?

    We'll only consider putting limits on "executive compensation for companies recieving exceptional assistance."

    Population Clocks
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    23:51 GMT (EST+5) Feb 03, 2009
     
  2. garyd
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    garyd Senior Member

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    Until wall street stabilizes banks and a good many other corporations that depend heavily on investment income are going to be in trouble. As usual the government is tackling the wrong problem.
     

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