'after it realized that credit losses at Merrill Lynch & Co, which it bought on January 1, were much higher than expected, a person familiar with the matter said.'We should have done it from the start, but it's really inevitable at this point. Nationalize the banks. If Bank of America is on the verge of a meltdown, what other alternative is there?
I mean, they're only bankers - who expected them to be good at accounting?
Thursday, January 15, 2009
No One Could Have Known!!
My favorite comment?