I don't even hear a sniff of this on CNBC over the last couple of days. One more reason why I hate those jaded idiots.
As I posted over in a thread on Economics last night, the Fed needs to be eliminated and its regulatory functions given to the FDIC. Further evidence from the article cited at the top of this thread: One knows what it's doing, the other demonstrates over and over and over that it doesn't.
Not a chance. If/when they get this bailout they'll pay themselves huge bonuses the way GS did, all courtesy of the tax payer. Welcome to America. Bend over so you can get fucked by the banking cartel.
You need to dig a little deeper. JPM is doing the same thing with their $79TN, moving it from their bank holding company to their FDIC insured depository. Guess what? The FDIC is stone-cold, dead silent on that move...
Agreed, funny how its not even mentioned on the biggest financial network on television....don't worry in due time it will be talked about non stop. They are trying to ignore it as long as they can until it eventually happens and everyone has to make word of it.
Unreal....... Have fun guys.....down the sh*tter they go. hit a new high a few days back http://www.bloomberg.com/apps/quote?ticker=CBAC1U5:IND