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The Water Cooler
General Discussion
Bank of America Is Too Much of a Behemoth to Fail
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<blockquote data-quote="RickN" data-source="post: 1643250" data-attributes="member: 8854"><p>Part of the problem is that the government forced BOA to complete the deal for a bank that turned out to be failing. (wells fargo I think) BOA had made an offer on what they thought was a semi-healthy bank but when the details came out that it was in the crapper BOA tried to back out. (like any smart business would) The government pressured them into completing the deal.</p><p></p><p>As for deregulation, there are actually tons more regulations now. They are just not the right ones and those that are good are not enforced.</p></blockquote><p></p>
[QUOTE="RickN, post: 1643250, member: 8854"] Part of the problem is that the government forced BOA to complete the deal for a bank that turned out to be failing. (wells fargo I think) BOA had made an offer on what they thought was a semi-healthy bank but when the details came out that it was in the crapper BOA tried to back out. (like any smart business would) The government pressured them into completing the deal. As for deregulation, there are actually tons more regulations now. They are just not the right ones and those that are good are not enforced. [/QUOTE]
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Bank of America Is Too Much of a Behemoth to Fail
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