For Bank of America and Merrill Lynch, Love Was Blind
Taxpayers are furious that Bank of America hit up the government for a second round of bailout funds in order to close the Merrill deal earlier this year, bringing its tab at the federal trough to $45 billion and potentially exposing taxpayers to further losses. Shareholders were shocked to see the stock of what was a solid retail banking operation recently trade below $5 a share. And Bank of America employees are angry that their own bonuses have all but ... Full Story »
Posted by Kaizar Campwala
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