Wall Street Breakfast: Must-Know News [View article]
FDIC to break up banks; This sounds like WAMU. Lets give the assets to the fed. and give the toxic risk to our pals at Say Goldman or BAC or whoever the fed choses. Then the fed will back those risk players of thier chosing with federal taxpayer dollars. Giving the true loss these banksters can declare to the taxpayers. What a shell game and a legal laundering of money.
Wall Street Breakfast: Must-Know News [View article]
To robert b. Obama had wanted to do just that. His proposal was to auction off all toxic loans to establish the bottom. You can guess, where the corrupt congress and legislators; in cahoots with these banksters. Told him he could stick that idea. However it did send them scurrying to repay tarp funds instead of continuing to gobble up smaller banks with taxpayer dollars.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]