$4000 for every man woman and child in the US. GONE. No names will be revealed. Note: this money was GIVEN, not lent. A GIFT. FREE. NO REPAYMENT! MAD? Here every person who has a loan or credit card is forced to pay it back. The FEDERAL RESERVE decides to GIVE money without collateral or a repayment schedule? CRIMINAL!
Stocks tumble as Bank of America seeks more government cash
by The Associated Press Thursday January 15, 2009, 10:26 AM
News that Bank of America Corp. needs another government cash infusion sent stocks falling today as investors feared that the banking crisis of last fall may have returned.
The federal government is considering a fresh multibillion-dollar aid package for Bank of America to help it absorb losses at Merrill Lynch, according to a person with knowledge of the discussions, who spoke to The Associated Press on condition of anonymity because of the sensitive nature of the discussions. The person said the new aid package could be modeled along the lines of the financial lifeline that was thrown to Citigroup Inc. in November.
Other media organizations have had similar reports of a potential aid package for the company.
The news, which comes amid expectations that Citigroup will be announcing a further streamlining because of its ongoing problems, has Wall Street worried that banks that received billions of dollars in government bailout money are again in trouble and will need more help.
this is ridiculous just let them close
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