Syl

Big Cap Financials Are Scary

When I think of BAC investing $6 Billion in a Chinese bank after getting a $15 Billion bailout, I say there should be more control of how this money is spent.

Two things happened---one our highly paid beaucrats in Washington were asleep and BAC made a ludicrouse use of this loan. Will this $6 Billion purchase become a gift to that Communist nation? Remember, the government of China could nationalize their banks over night and take control all assets.

Did you know it would take one a lifetime to count to six billion? I once offered any student $20 who could write to one million during their Spring break. Some tried but after two days they gave up. Now, how much is one billion?