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...Wall Street Journal suggests that B of A may hold a special place in the government's heart because it bought Countrywide and Merrill Lynch at times when a public bailout of those companies could have caused the credit system angina. With Congress and watchdog agencies watching how the Treasury and Fed are using their thinning cash reserves, B of A will not be getting any sympathy or special dispensations from regulators...
That does not mean that the bank cannot play the Merrill card in the court of public opinion. B of A's CEO Ken Lewis has already made the case the Henry Paulson virtually forced him to close the Merrill deal because it was in the best interests of the country's troubled financial system. If that transaction is at the heart of B of A's capital shortfall, the firm has a legitimate argument that because it helped the government when it was in a jam, it is time for the government to repay the favor...
Will complaining that government pressure to "save" Merrill and Countrywide get Bank of America more favorable terms than other firms that the government says need more cash? Probably not, but it is all B of A has left to make a case that its balance sheet issues are not entirely its fault...
...seventh-place team effort was more than enough to enable it to make the trip to nationals, as it totaled 111 points, 46 better than the top-placing non-qualifying school in its division, Connecticut College.The Crimson’s efforts were led over the weekend by the B-division duo of Garrity and sophomore crew Grace Charles. They placed third in their division, starting and ending the weekend with victories and collecting another one along the way to bring their total to three wins over the two days of competition.“It was really a team effort...
...rescue the country's artistic heritage during wartime. "The Americans said they were going to bomb Vietnam back to the Stone Age, to wipe out Vietnamese culture," says Nguyen Do Bao, chairman of the Hanoi Fine Arts Association, who was a young museum staffer in 1966 when the first B-52s appeared overhead. "It was a national imperative to keep the museum open." So the staff - and in some cases, the artists themselves - started to make copies. The reproductions stayed in Hanoi while the originals were spirited away and hidden in caves...