THIS IS ALL HAPPENING UNDER OBAMA'S WATCH! EVER WONDER WHY?

Submitted by: Donald Hank

Bank of America: Holding Depositors Hostage

Is It Time To Close Down Bank of America? This is precisely the sort of arbitrage that ought to lead people straight to a nice date with Bubba: Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation.