Relevant:
- Should the government own any part of the "good" Fannie and Freddie?
- Lewis testified that U.S. urged silence on Merrill deal: report
- Dexia Bailout On Verge Of Collapse, Threatens To Take France AAA Rating Down With It
- BofA: $20B bailout, huge Merrill loss
- U.S. Treasury Needs Less Bailout Bluster: TARP Monitor
2009-09-01 — reuters.com
Charging a bank for an implicit government guarantee to absorb losses? According to the Wall Street Journal, the Federal Reserve and Treasury are demanding that Bank of America pay $500 million to exit a bailout deal that was never actually signed.
That’s a nice chunk of change, but taxpayers shouldn’t be fooled into thinking this — or any other bailout — is a good deal.
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