I found a quick article on what we were talking about in class today. How Bank of America dumped all their toxic assets for the federal government to deal with.
http://www.allgov.com/Top_Stories/ViewNews/Bank_of_America_Dumps_Trillions_of_Dollars_of_Risk_onto_Taxpayers_111025
I guess this is a smart move for BofA and all the pro-bank people should be happy about it. As we've learned today, you have to put a side to a disadvantage in order to advance.
ReplyDeleteya... but i wish they would deal with their own problems rather then passing it along
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