Friday, December 04, 2009

One Cheer For Bank Of America's Bailout Repayment | The New Republic

Still, it's hard to get too excited about this milestone. In some respects, it's tough to see what the BofA repayment proves, except that if you were a badly-run commercial bank that had the good fortune of merging with a big investment bank just before a massive run-up in financial asset prices, then you're probably going to look relatively healthy before too long even if you're lending business still stinks.

One Cheer For Bank Of America's Bailout Repayment | The New Republic
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