Bank of America Swirling in Toilet

I’m glad I didn’t buy a bunch of shares when LiberalGeek told me that the Countrywide purchase was a good deal for BoA. .

Bonus Thought:

All the banks are already nationalized because they are backed up by the FDIC (our tax dollars). No FDIC = No more banks holding “bad assets.”

Under this system, we have all of the risk and none of the returns.