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Bank of America isn't really a corporation, it is an extension of the federal government. It is massively subsidized directly and indirectly by Federal Reserve
by OstiaAntica 15y ago
Bank of America isn't really a corporation, it is an extension of the federal government. It is massively subsidized directly and indirectly by Federal Reserve interest rate policy, and was kept alive by several multi-billion dollar Treasury bailout programs starting in 2008.
If Bank of America were a real corporation the market would have killed it off a long time ago.