Hope Bank of America is too big to fail

Update:

Bank of America announces $1.8 billion loss last quarter

Back in mid-December I posted about B of A firing a bunch of executives in a move that seemed desperate and worrisome.  Today we are told that the bank is coming back for more of that tasty Tarp money.  And yet there is surprise that this “pillar of the banking sector” is in major trouble after acquiring subprime-lover Countrywide and nearly bankrupt Merrill Lynch. The New York Times entones that the TARP money is coming with more strings attached this time, including “tighter restrictions on executive pay.”

Wasn’t that what they told us last time around?

Bank of America May Receive More Bailout Money

Tags: Bank of America, banking crisis, Linkedin