[lbo-talk] a fresh rant on the bailout

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Feb 11 14:07:45 PST 2009


Shane wants to know:


> explain why honesty and prudence are sufficient for
> "the Bailey Building and Loan" but not for Bank of America?

Most probably required, but not sufficient, because "Bank of America" is not just a bank; did you forget that they recently swallowed Merill Lynch and Countrywide?

I'm not sure *anyone* knows what the right thing to do with that is.

/jordan



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