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Photo: Bank of America CEO Ken Lewis. Credit: Lawrence K. Ho / Los Angeles Times Bank of America Corp. wants more government aid to cushion against expected losses at brokerage Merrill Lynch & Co., which the banking giant bought Jan. 1, the Wall Street Journal is reporting on its website. Th...
There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 | from naked capitalism