Bank of America has now taken over 2 of the casualties of the past year; Countrywide and Merrill Lynch and all of the associated toxic debt of both entities.

You have got to wonder what they see that others do not short of an gurantee by Uncle Ben for unlimited loans at low rates to get them through this mess.

No doubt in my mind that the FED now owns indirectly Countrywide, Merrill Lynch, Bank of America, Bear Stearns, and JP Morgan through their loan bailout arrangments.

I never thought I would see this rapid of a move towards socialism in my lifetime.

Glad the ABC stores are still open. Time for a trip.

SilverNut