Tuesday, November 25, 2008

Does Bank of America get the next bailout?

The Paulson/Bernanke bailout is now spreading across the financial system like a prairie fire in a stiff wind.AIG got one deal. A number of banks got a piece of another deal, the $700 billion Paulson "special needs of banks" program. Now Citigroup is getting a back-stop of over $300 billion for its toxic assets

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