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If Wall Street’s Mega Banks Are Safe and Sound as the Fed Says‚ Why Do They Need a Half Trillion Dollar Bailout Facility at the New York Fed?
by Pam Martens and Russ Martens‚ Wall St On Parade: There is a battle raging between the Wall Street mega banks and their federal banking regulators. The regulators want the mega banks to hold more capital against their high risk trading positions to prevent a replay of the bailouts in 2008 and repo bailouts in […]
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