New York Fed Still Bailing Out Bank of America

Max Rivlin-Nadler · 02/17/13 04:00PM

When the banks got bailed out, people were reasonably upset — why should huge corporate banks be given public money to recover from the disaster of their own greed and incompetence? Others argued that letting those banks fail would send the economy into a further tailspin. Either way, it happened, and that was that. The banks weren't going to get even more public money, right? Not exactly.