BofA This Time? Bailouts Have Reached a Level Beyond Absurdity

Jan.18.09 | About: Bank of (BAC)

"Anyone else have their hand out? - Lewis Black

With the announcement Friday morning that Bank of America (NYSE:BAC) is getting an additional $138 billion, the bailouts have reached a level beyond absurdity. Has anyone at the Treasury noticed that the market value of Bank of America is only $41 billion right now?

With $138 billion you could essentially let BAC go under and start three new BAC's.

I've stopped crying. All you can do now is laugh. The only person you can turn to in a case like this Lewis Black.