[sheikdetailfeather]

On Thursday, a federal court froze $1 billion of Colonial's assets in response to a suit filed by Bank of America Corp.

Charlotte, N.C.-based Bank of America sued Colonial as means to protect its claim on Colonial loans, because it feared Colonial's future was in question.

[sheikdetailfeather]

(August 13, 2009)

BofA Sues Colonial Bank For $1B In Cash, Loans

http://www.wftv.com/money/20385387/detail.html

[org.whodat]

On Thursday, a federal court froze $1 billion of Colonial's assets in response to a suit filed by Bank of America Corp.

What assets??? LOL

[A.Hun]

Colonial was just taken over by the FDIC

http://hosted.ap.org/dynamic/stories/U/US_COLONIAL_BANCGROUP_FAILURE?SITE=FLTAM&SECTION=BUSINESS

[E. Pluribus Unum]

This is a bad deal for BB&T.

It doesn't matter what promises the FDIC made to get them to take it, but the Feds will renege in a heartbeat and send in the SWAT teams to take them down, and maybe put a few of them in jail for good measure.

The purpose of current federal policy is to protect the guilty and punish the innocent.