According to alternet Bank of America, the very name is meant to conjure up comforting, red-white-and-blue fantasies of a bank of the people, by the people, and for the people. But as Matt Taibbi pointed out in his latest feature for Rolling Stone, while there's almost nothing the megabank does that is for the people, it sure as hell is paid for by the people. It got $45 billion just in bailout money, and trillions (with a T) in emergency loans from the Federal Reserve—and not only did it not pay taxes last year, it received a tax refund of $1 billion. And yet it's still teetering on the edge of collapse.
Unless we do something soon, we might be heading for yet another people's bailout of America's bank. Occupy Wall Street has decided to fight back….
Read all about it at http://www.alternet.org/news/154882/how_occupy_wall_street_plans_to_take_down_bank_of_america--and_how_you_can_help?page=entire
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