It just ain't looking very promising.

[RodISHI]

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?

WASHINGTON — Treasury Secretary Timothy Geithner will announce new plans for rescuing the financial sector in a speech next week, a Treasury official said today.

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

This week will bring announcements on rules limiting executive compensation for companies receiving "exceptional assistance" under the $700 billion bailout Congress approved in early October.

Population Clocks
U.S. 305,742,904
World 6,758,189,672
23:51 GMT (EST+5) Feb 03, 2009

 

[garyd]

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.