Sunday, March 04, 2012
After several years of circling the drain, there are signs that Bank of America Corporation is about to face a final reckoning. Matt Taibbi has the full story in The Rolling Stone.
The only question now is whether Obama, Geithner, and the Fed will step in to bail their sorry asses out one more time, either openly or in secret. If so, they won't get away with it this time, and I don't think they're so completely out of touch with public opinion that they're unaware of the intense backlash that would cause.
And there's more good news this morning: Rush Limbaugh has apologized to Sandra Fluke, the Georgetown law student whom he called "a slut" on his radio show after she testified before Congress, expressing her opinion that insurance companies should be required to provide contraceptive coverage.
He has the best possible motivation for apologizing; two major advertisers have dropped him since he made the remarks. I'm not usually revenge-oriented, but I must confess I look forward with eager anticipation to the day, now not far off, when this foul creep lives among us as a broken man.
The question is, where will he go? Former greats Glenn Beck and Lou Dobbs were kicked off the teevee and now labor obscurely on radio broadcasts, but Limbaugh is already on the radio, so I guess he'll have to go write a column for the National Review, or something.
I have a feeling 2012 will be a good year, with numerous people and institutions who've had it coming for a long time going down.