There is no free in liberty.


Tuesday, July 19, 2011

Another $50 Billion for Bank of America ?


Business Insider:

Bank of America is tanking again, as firm may need $50 Billion in fresh capital.
Is this bank still to0 big to fail when it is not one of many?
Their best bet would be to tread water as long as possible in hopes of a second Keynesian leg down in hopes of further shifting risk to all of us.

Moral Hazard.


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