Sunday, March 4, 2012

MATT TAIBBI: Bank of America In Trouble?

http://www.rollingstone.com/politics/blogs/taibblog/bank-of-america-in-trouble-20120302

what happens if Bank of America is still headed for bankruptcy? Helping the bank avoid a few lawsuits is one thing, and allowing it to move its dangerously toxic derivatives portfolio onto the federally-insured side of the company is another. But a full-blown crash of this firm would require a massive bailout. What will the Obama administration do if faced with that dilemma? One way or another, it will be a momentous decision.

Read more: http://www.rollingstone.com/politics/blogs/taibblog/bank-of-america-in-trouble-20120302#ixzz1oDlY9Z9u

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