Friday, January 16, 2009

BoA WTF?

I know, I know, get a life, but Friday is when they dump the bad news...

The Baseline Scenario deconstructs the sweetheart deal that Bank of America just got.

Hooray, we've doubled down on BoA. Another 20 billion invested and another govt gurantee of BoA's Merrill assetts - to the tune of $108 billion.

Paulson's hipshooting again. What a freaking joke.

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