Friday, December 12, 2008

Slow Clap

Oh, good job Bank of America.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aswiJZGC2Ca8&refer=us

Let me see if I understand what happened over the last year:

You bought a bunch of other banks with other debts.
Then you went on a property buying spree, forcing local merchants to shutter, so you could have prime real estate in retail neighborhoods.

And now you can't afford your payroll so you're laying off 30-35 THOUSAND workers?

Nice.

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