bailouts

5

Nail in the coffin. Federal Reserve and Bank of America bail out

http://dailybail.com

This means that the investment bank's European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn't get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to "give relief" to the bank holding company, which is under heavy pressure.

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EternityAblaze's picture
Created by EternityAblaze 2 years 38 weeks ago – Made popular 2 years 38 weeks ago
Category: Corruption   Tags:
8

Fannie Mae and Freddie Mac kicked out off New York Stock Exchange

http://thehill.com

"The determination to direct delisting is related to stock exchange requirements for maintaing price levels and curing deficiencies," said FHFA acting Director Edward DeMarco.

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thinkliberty's picture
Created by thinkliberty 4 years 3 weeks ago – Made popular 4 years 3 weeks ago
Category: Economics   Tags:
16

Protests break out in Iceland over bank bailout - with torches!

http://www.wealthdaily.com

The pictures below are from one of the protests that lead the President to veto the bill. Remember all that talk about torches and pitchforks? Well, Iceland went ahead and broke out the torches (ok - they're flares, technically):

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abexman's picture
Created by abexman 4 years 27 weeks ago – Made popular 4 years 26 weeks ago
Category: Disobedience   Tags:

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