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Bank of America $35 Billion Short?

Monday, after I wrote that the economic fundamentals "suck," the stock market actually had a good day, gaining more than 200 points. Now, however, comes the bad news. Bank of America is reportedly facing a $35 billion capital shortage

Meanwhile, Chrysler won't repay its federal bailout loans and the company's private creditors are outraged by the Obama administration's hardball tactics.  And -- when it rains, it pours -- Rep. Henry Waxman is reportedly ready to "fast track" his climate-change legislation.

Robert Stacy McCain is co-author (with Lynn Vincent) of Donkey Cons: Sex, Crime, and Corruption in the Democratic Party (Nelson Current). He blogs at The Other McCain.

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