Is there another shoe to drop from Bank of America? It seems likely. Buffett probably has the inside track on what's going on there as does Bernanke and Geithner.
It may come to pass the Fed will be called upon to bailout the eurozone banks. Given some of the rhetoric we're hearing from the region it seems they're unwilling to do what's needed on their own. We've taken bailouts to the extreme and are no better for them it seems. Sometimes institutions just fail but we're just not willing to let that happen from a political and Keynesian view.
Let's see what happens.
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