I hate to belabor this point BUT…
As of mid-December Paulson was “…expecting no other major financial institution to fail…”
So, what about today’s $138 billion bailout of Bank of America?
Wasn’t this one just too obvious?
Countrywide Financial was a complete sham and Merrill Lynch was a disaster waiting to happen… Kenneth Lewis must resign in disgrace no?
Now the Obama Administration is looking to revive the Paulson’s old “Bad Bank” concept… Will the government ever learn from its mistakes?