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Investigate Bank of America for transferring $55 trillion of Merril Lynch derivatives into the retail bank unit

Created by K.F. on October 22, 2011

Bank of America has transferred $55 trillion worth of Merrill Lynch Derivatives to the retail bank unit, which houses trillions in deposits insured by the FDIC. If anything were to happen to the bank, the American taxpayers would be on the hook once more. We refuse to pick up the tab of irresponsible banks. An investigation needs to be launched into the actions Bank of America has taken.

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