Screwed by BofA?

James Kwak thinks we were. Kwak has a relatively complex article about Bank of America's recent deal with us whereby the bank paid $425,000,000

Image by seiuhealthcare775nw via Flickr

to allow them to get out of their agreement whereby we guaranteed them against losses on bad investments by them. Kwak argues that we should have gotten a lot more, like almost $5 billion instead of less than a tenth of that. Many of the commenters advance the conspiracy viewpoint on the issue: it's the big boys vs. us.

A sidelight: the final bailout agreement was never signed by both parties