Fed

Banks Got Cheatsheet For Their “Stress Tests”

Banks Won Concessions on Tests Fed Cut Billions Off Some Initial Capital-Shortfall Estimates; Tempers Flare at Wells WALL STREET JOURNAL By DAVID ENRICH, DAN FITZPATRICK and MARSHALL ECKBLAD The Federal Reserve significantly scaled back the size of the capital hole facing some of the nation’s biggest banks shortly before concluding its stress tests, following two […]

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Bank of America: When $45 Billion is Really $199.2 billion

Michael Whitney FIREDOGLAKE/ OXDOWN GAZETE Friday April 24, 2009 If you’ve been following the news, you know by now that Bank of America is in debt to the American taxpayer in the amount of $45 billion – the amount of TARP funds (aka “bailout money”) that they received since last year. But it turns out […]

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Greenwald: The Individuals Obama Chose to be His Top Economic Officials Embody Exactly the Corruption He Repeatedly Vowed to End

Larry Summers, Tim Geithner and Wall Street’s ownership of government Glenn Greenwald- SALON Apr. 04, 2009 | White House officials yesterday released their personal financial disclosure forms, and included in the millions of dollars which top Obama economics adviser Larry Summers made from Wall Street in 2008 is this detail: Lawrence H. Summers, one of […]

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