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