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Bank of America is transferring toxic derivatives held by a majority of 1%ers to "FDIC insured accounts" mostly held by the 99%ers. . .because then, whether we like it or not, FDIC will have to cover the losses!Is this legal?Is this ethical?Is this why the GOP respects the banks so much. . .because they can screw all of us, AND blame the Obama administration in the process?
Bank of America is transferring toxic derivatives held by a majority of 1%ers to "FDIC insured accounts" mostly held by the 99%ers. . .because then, whether we like it or not, FDIC will have to cover the losses!
Is this legal?
Is this ethical?
Is this why the GOP respects the banks so much. . .because they can screw all of us, AND blame the Obama administration in the process?
