The Bailouts, Round 2: JPM To Buy BAC With 100 Billion Tax Dollars

Word floating that Little Timmy will be ponying up 100 billion dollars of OUR MONEY to make the pending Bank of America failure less traumatic to the banksters.

If the House Republicans want to live up to the promises they made the voters, they need to scream bloody murder at the very top of their lungs.

Three years ago, we were all caught by surprise, and the dirty deeds were done before we could understand what was happening.

Now, no longer. We have all grown cynical, and informed.

BAC is the product of a shotgun marriage, paid for with tax dollars, as they took over Merrill Lynch, shortly after buying Countrywide. That worked out well, did it not?

Now for the next round, to attempt to paper over that mess.

Whatever happened to the concept of risk in business? Or is that just for small, Main Street businesses, small banks, individual families?

This will not end well, ya'll.