A draining lake sinks all boats.

/They ride a little lower, we're drowning in the mud.

Far too lenient...

imontheinternet: [oldleandude.files.wordpress.com image 320x439]

Far too lenient...

That depends on which head they're chopping off

Nothing to see here, folks. The recovery is still in full swing.

Now get on your knees to beg us for another bailout.

Well, they are totally insolvent.

Time for some mark-to-market. If you ran your company into the ground, then you go down. Let the market clear out the dead weight.

"Capitalism without bankruptcy is like Christianity without hell." - Max Keiser

Does this mean that they are no longer too big to fail?

/solved our problems
//Didn't it?

From A+ to A for BAC, GS, and C. Big whoop. Still in the investment-grade category

If that ever changes, then maybe it's time to look surprised.

He noted that, for Bank of America, Thursday's move reflects "particularities of the firm's business," notably issues arising from "legacy acquisitions" such as Merrill Lynch and Countrywide.

The Merrill acquisition came at regulatory gunpoint. Bernanke threatened the execs with firing if they didn't go thru with it. Great system when BofA shareholders get screwed by feds looking for some patsy they can fob off their problems on, but it's of a piece with the General Motors bailout. The rule of law doesn't mean much to the Obama administration assholes.

Elephantman: [printmoney.jpg]

/solved our problems
//Didn't it?

It is the least bad of a bunch of awful choices.

why you trollin'?