Problems With BOA!

It seems that House lawmakers are getting a little sick and tired of deals being made by the federal government. And the main deal that their sick over is the deal that was forced onto Bank of America Corp. Bank of America was forced to sick to the deal to purchase Merrill Lynch, even though Merrill was losing billions. And on top of BOA being forced to buying Merrill, it cost us, taxpayers almost $20 billions to offset the lose that BOA took on.

Now Bank of America CEO Kenneth Lewis has testified that the U.S federal government threatened to remove management if the deal failed. The House lawmakers are looking into why former Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke forced Lewis. My guess to why they forced him was to save their own money. Lets not forget that Paulson was CEO of Goldman Sachs, which was in just as much trouble as Merrill was. So you can see that he knew a lot of people on Wall Street. I truly hope if there was something fishy going on that they all get caught and spend a little time in jail. The U.S government has played with our money long enough.