An "insane" datapoint from Barry Ritholtz: Bank of America (BAC) is getting rid of more...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

An "insane" datapoint from Barry Ritholtz: Bank of America (BAC) is getting rid of more employees than the total number of employees at most of its largest U.S. competitors. Even more insane: The employees are not the source of BofA's distress. Ritholtz says it's an example of the evils of the bank bailouts, which "created a huge, unmanageable, anti-competitive bank."