Sunday, February 24, 2013

Bank of America's Taxpayer Robbery. (VIDEO)

"On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase & Co. Chief Executive Jamie Dimon -- make the case that size is a competitive advantage. It helps them lower costs and vie for customers on an international scale. Limiting it, they warn, would impair profitability and weaken the country's position in global finance."*

Would you let Bank of america keep $7 billion of owed money after several poor, possibly fraudulent transactions? Well, Bank of America is getting away with a secret bailout. How, and who is allowing this? Cenk Uygur breaks it down.

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