Our corrupted and complicit Federal Reserve continues to let TBTF banks attempt to plunder the rest of us. But it may not work this time. Too many people re watching and too many are seriously pissed. Besides, BofA is going down. This desperation move by them merely shows they will collapse soon.
Federal Reserve and Bank of America initiate a coup to dump billions of dollars of losses on the American taxpayer
Bloomberg reports that Bank of America is dumping derivatives onto a subsidiary which is insured by the government – i.e. taxpayers.
Bank of America deathwatch: Moves risky derivatives from holding company to taxpayer-backstopped depositors
Yes, and all the rest of the parasitical TBTF banks too.