Home > Economy > Did Bank of America get another, secret taxpayer-funded bailout?

Did Bank of America get another, secret taxpayer-funded bailout?

Did Bank of America get another, secret taxpayer-funded bailout?
By Amanda Carey
The Daily Caller
January 13, 2011

Last week, government-backed mortgage entities Fannie Mae and Freddie Mac fined Bank of America $3 billion for selling faulty mortgages that either have, or will default into, huge losses. Now critics are calling the deal a backdoor bailout because the sum is much lower than the losses for which the bank could be held liable.

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