Watch the whole thing on PBS, its all pretty sad.
Recap was Treasury forced 9 banks including BOA to take money from them if they wanted it or not. Then they forced BOA to go through with the Merrill merger even though they knew they woudl be fucked. Stock Holders shit and Ken Lewis was out the door, but really his hanRAB were ties by the Treasury. And they are still fucked for it all.
And this was under Obama. Democrats and republicans were all singing the same tune, we have to bailout the banks, they are all owned by Wall St, no difference between them in that case.
Democrats