Why would you say that? Tens of thousands of people would have lost their jobs.
Bank of America was forced into that Merrill Lynch deal. When the head of the bank, under oath, admitted they were forced by the Obama administration the White House went into orbit and vowed revenge. Who's side are you on?
It's not 'their' job. No one is entitled to a job. It's the companies.
As for BoA, they issued credit cards to illegals, they gave out mortgages like candy, they purchased ML[That deal was under Bush, not Obama], they are insolvent.
The market would have finished off their inefficiency, now they are larger and have more contagions. You and I will end up paying for their demise.
I'm on the side of free markets and against regulatory capture and crony capitalism. The Gov't 'picked' them as a winner and have 'loaned' out money to them, without any Constitutional authority. They have favored banks, while letting other businesses fail.