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Too crooked to fail - Matt Taibbi vs. Bank of America

(2 posts)
  1. Felix

    Master
    Joined: Nov '10
    Posts: 396

    I've already had a low opinion of banking practices, but here you go:

    http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to-fail-20120314

    Posted 1 year ago #
  2. Chad

    Expert
    Joined: Jul '10
    Posts: 1,001

    The sad thing is that banks can be real stalwarts of a community or city, but the current environment is outrageous.

    Related to this subject. There is a good book I just finished on BoA's buyout of Merrill Lynch. The author really does a great job of finding out how this all happened. Fascinating look at the cultures of both companies and a few other companies that are tangently related to the whole process (Goldman Sachs, NYSE, Treasury, etc.).

    http://www.amazon.com/Crash-Titans-Merrill-Near-Collapse-America/dp/0307717860

    Posted 1 year ago #

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