This is something that should concern the OWS crowd, but we also need grown ups like the Tea Party to make a blunt statement that BoA should not be bailed out.
This IS a backdoor bailout, already.
The FED went over the heads of FDIC. The FDIC wanted nothing to do with this.
This was arranged so that the taxpayers take the brunt of the damage. Do you really think Congress can vote to NOT save ALL those deposits of BofA customers?
This is to put the politicians between a rock and a hard place.
And all you Freepers who think your save because you could still access your BofA accounts, wake up!!!!!
Isn’t a congresscritter married to a BOA exec, or something like that ?