politicsplace

Bank of America is getting even more bailout money. They are getting twenty billion dollars more from the Treasury Department. This is outrageous. We need to stop making this bailout an everything must go sale. The only people who are benefiting from this bailout are banks and large corporations. It is very unfair. Bank of America had a  loss of almost 2.4  billion dollars during the fourth quarter. They are asking for even more bailout money to pay off the losses that they had when they purchased the assets of Merrill Lynch. Bank of America knew how bad the assets of Merrill Lynch were before they purchased the company. If I remember correctly Merrill Lynch was in great financial straits before Bank of America purchased it and there were even rumors that it would file for bankruptcy. Why should tax payers have to absorb those losses for Bank of America? Our tax dollars should go to what the tax payers need- and we need to be able to survive. The government should worry about us before the banks. What do you think?

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