Bank of America Getting More TARP Funding...

   which comes as no surprise to anyone. The amazing thing about this is that BofA is requesting the extra money in order to finish buying up Merrill Lynch! BofA has already received some $25 billion from the government and they now say that they need the money now because Merrill Lynch's losses were greater than was expected in the last quarter of 2008. BofA is asking for $15 billion more from the Treasury Department.                   Source

"The government has got itself in a position where they have to do something, and they have to help close this deal, so they have to provide additional subsidy to Bank of America," said Simon Johnson, a former economist at the International Monetary Fund and a professor of entrepreneurship at the Massachusetts Institute of Technology's Sloan School of Management.

  I have a better idea. Let the merger go bust and then let BofA fail.  They can then go into bankruptcy and come out as a smaller entity which will not be to big to not let fail.

    BofA is due to release it's 4th quarter earnings on Tuesday, which will no doubt be in the near negative column. So the government gives them the extra money to buy Merrill with and we then have a bigger bank that'll certainly be asking for even more cash to stay afloat in the future? WTF?

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