Dan Froomkin summarizes the antics of Bank of America. William K. Black has a lot of unanswered questions for Bank of America [1].
Black, writing alone, also corrected President Obama’s assertion during his interview with Jon Stewart, that chief economic adviser Larry Summers had done a “heckuva job.” Summers did not resolve the financial crisis, Black wrote, he just papered over the problem [2]. In another solo effort, Black warned that papering over the problem will actually increase the total cost of the crisis in the long run [3], and he concluded that “the administration’s banking policies have attained the terrible trifecta: terrible economics, terrible ethics, and terrible politics.”
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