BAC Analyst Says "Bank Rescue" Won't Work

http://www.bloomberg.com/apps/news?pid=20601110&sid=apJRc8r_9GDE


BAC is a major benefactor of TARP....

 

Yeah, flushing money down the toilet is generally not known to be a wealth creating activity.

 

You dont need to be an analyst on wallstreet or at BAC to understand that the chances of this working out are about a 0.00001% chance. Some of these banks receiving free money are worth nothing at all, how they exist today is beyond me.

 

Friends on Capitol Hill. The same friends who are outraged at the bonus the research assistants received at I-banks but voted in a 3% pay raise for themselves for the super duper job they've been doing as congress critters.

 

Funny how they publish this article AFTER they already got billions of free $$$.

LMAO

 

The next payroll number will be +1 higher