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Bank Of America Back Door Bailout Comes To Light

What The Fed Doesn't Want You To Know
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In this Thursday, Dec. 13, 2012 photo people use a Bank of America ATM in Boston. Bank of America says its fourth-quarter earnings shrank as it cleaned up old problems from its mortgage unit. The bank made $367 million in the last three months of 2012, down from $1.6 billion in the same period a year ago. The earnings were equivalent to 3 cents per share. (AP Photo/Charles Krupa)
In this Thursday, Dec. 13, 2012 photo people use a Bank of America ATM in Boston. Bank of America says its fourth-quarter earnings shrank as it cleaned up old problems from its mortgage unit. The bank made $367 million in the last three months of 2012, down from $1.6 billion in the same period a year ago. The earnings were equivalent to 3 cents per share. (AP Photo/Charles Krupa)

MANY people became rightfully upset about bailouts given to big banks during the mortgage crisis. But it turns out that they are still going on, if more quietly, through the back door.

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