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To: ladyjane
Regulators contend the need for Citi and Bank of America to raise more capital does not mean that either bank is insolvent.

BS. Of course that's what it means, and has meant, for many tens of billions per bailout in each of many bailouts over the past year.

2 posted on 04/28/2009 4:27:02 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: jiggyboy

I doubt BoA is insolvent. They were solvent enough for BoA to take over Merrill - at least Obama thought they were. Lewis spilled the beans by testifying, under oath, that he was forced by the fed to do it. Obama gets his revenge.


5 posted on 04/28/2009 6:07:22 PM PDT by ladyjane
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