Bank of American thought it was the hero to save Merrill Lynch by eating it suddenly.Now we see what happens!! It will ask more money from tax payers to compensate the loss of the buying the toxic assets! What a joke of US trash economy system! Both Citicorp and Bank of America are in the big trouble. Are they really too big to fail!! Only God knows.
Bank of American has already got $25 billion from the government. Now it threatens to walk away the deal without aids from the government. If what I remembered is right, the deal has been cleared, and how could Bank of American do that? It is totally a mess !!!
