Of course, the thing to worry about now is whether or not the small businesses and small banks that accept any of this bailout money will become subject to the same intimidation tactics that they feds have been playing against BofA.
WASHINGTON — President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund to assist small businesses that are still suffering from a prolonged credit crunch.
Obama on Wednesday plans to announce a package of initiatives designed to increase lending, including a request that Congress increase caps for existing Small Business Administration loans, the administration said.
The new effort comes as the administration is under pressure from liberals to shift the massive bailout fund's focus away from helping big financial institutions and toward homeowners and small businesses. But it also comes as Republicans press Obama to end the rescue program and use bank repayments to reduce the national debt
The trouble with this is that once you accept the Devil's coin, you have to dance to the Devil's tune.
BofA is a prime lesson in the problems with that.
[Hat Tip RealWest @ the Corresponce Committee]