This kind of thing is happening all over the world at the Moment, its basically just a buyout of large independent banks by the centralized banks for more control of the currency and populous. The next step forward in Globalization.

It's so obvious now when you look at it.

The larger US banks kept dropping the borrowing interest rates so the smaller banks had to give cheaper credit to bad customers. In come the Oilers... speculate... Oil prices shoot up, people cant pay mortgages, banks call in debts, banks collapse, central banks and main banking families step in with hundreds of billions of Euro's/Dollars (repayable with interest) to aid the markets and buy out deals for the floundering banks. Voila!
The beautiful thing about it is that in this Global economy, the Indy banks were all swapping debts across continents so institutions are also dropping like flies on this side of the water.

Probably not Bank Of America for a global bank though.. there's not many of them over here. And after this crisis, i doubt many non americans would put their money anywhere near an american bank for the next decade.

Its interesting that one of the "owners" of Bank of America is a director of Duke Energy. Hmmmmmmmmmmmmmm...

Its a nicely orchestrated plan by the Global banking elite.. i just wish that they would get on with it and let things go somewhat back to normal soon.