Thursday, January 15, 2009

America's Bank

No one could have predicted it was a bad idea for Bank of America to buy Countrywide, the world's biggest mortgage lender debtor, and Merrill Lynch, owner of the world's most toxic mortgage derivatives and CDO's. At least, no one BoA's chief executive, Ken Lewis, knows.

The taxpayers already have shoveled $25 billion at Bank of America. Now they want more because their idiotic decisions have ruined them.

We're with Atrios. Nationalize them all.

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