I wondered how long it would take to get to this...
I was listening to Bloomberg's coverage of PIMCO and the NY Fed asking for their money back from B of A and some talking head came up with the brilliant theory that this was to some extent the government's fault for mandating some of Bank of America's asset buys.
Even if the government held a gun to the banksters heads how the hell would it be their fault if what everyone knew was a shitpile turned out to be a shitpile?
The complete lack of responsibility from the financial sector is remarkable
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Not moderated but I do delete spam and I would rather that people not act like assholes.