What assets?American’s got tricked into a fiat paper thinking it was money.History proves a different story.Stay with a redeemable commodity.Andrew Jackson really hit the nail on the head.
29 posted on 07/01/2009 8:20:54 PM PDT by taxtruth
If their regulator accepts these assets..meaning the Treasury, Fed and FDIC..then BOA can do it. So it has the backing on the USG. No surprise here, but it just passes from one bad balance sheet to another..State..Bank..USG.
30 posted on 07/01/2009 8:27:39 PM PDT by Oldexpat