Tag Archives: FDIC

Former FDIC Chair Bair: Bank Bailout Was ‘Overkill’

Moneynews: The billions of taxpayer dollars spent to bailout big banks was largely unnecessary, according to Sheila Bair, former Federal Deposit Insurance Corp. chairwoman. In an excerpt from her new book “Bull by the Horns: Fighting to Save Main Street … Continue reading

Posted in Common Sense, Economy and Money, Knowledge Is Power, Stand Up, Wake Up, You Be the Judge | Tagged , , , , , , , , , | 1 Comment

HOLY BAILOUT – Federal Reserve Now Backstopping $75 Trillion Of Bank Of America’s Derivatives Trades

Bank Of America Forces Depositors To Backstop Its $53 Trillion Derivative Book To Prevent A Few Clients From Departing The Bank $2.8 Trillion European Bailout Fund, EU Diplomats Say » Tuesday, Oct 18,2011 HOLY BAILOUT – Federal Reserve Now Backstopping … Continue reading

Posted in Economy and Money, Knowledge Is Power, News and politics, Politics, Wake Up, Watch the Other Hand | Tagged , , , , , , , | Leave a comment