Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Tuesday, October 18, 2011

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank Of America's Derivatives Trades

A shadow bailout. This means you and I are on the hook if there is a default.

http://dailybail.com/home/holy-bailout-federal-reserve-now-backstopping-75-trillion-of.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheDailyBail+%28The+Daily+Bail%29&utm_content=Yahoo%21+Mail