Score Another One for the Banksters


So, Bank of America is preparing to repay the government forty-five billion dollars it received in last year's TARP bailout. Good news for the embattled Ken Lewis, who gets to remove the Treasury Department overseers from BofA's hallways before he toddles off with his multi-million dollar "retirement package" at the end of the year, but what about for the rest of us? Four quick points:

1) This is another sign that, on its own terms, the Paulson/Bush bailout has worked. Banks are once again f...

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Published on December 03, 2009 11:24
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