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Profiting While On the Taxpayer Teat

Hearing that the banks they bailed out are now “making a profit” is one of the insults taxpayers are reckoning with these days.

Bank of America recently announced $2.4 billion in second quarter profits – but still hasn’t paid back the $45 billion bailout money it got less than a year ago. Citigroup trumpeted $3 billion in profits while it too owes American taxpayers $45 billion.

Bank of America (BoA) / Harvey Column - 08/28/2009

Bank of America's Ghosts

President Barack Obama won the election because he clearly articulated a more inclusive, smarter and more accountable vision of how government should function. People were tired of politicians who treated government as the enemy. They wanted somebody who could get it to work.

Bank of America (BoA) / Martin Column / Securities and Exchange Commission (SEC) - 08/18/2009
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