Forum Post: BofA's Merril moved trillions in bad assets to FDIC backed retail
Posted 12 years ago on Oct. 20, 2011, 2:20 p.m. EST by hkatsura
(1)
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This means that when they write those bad assets down, the US tax payers are on the hook for the multi trillion dollars in loss.
http://www.kickthemallout.com/article.php/Story-Fed_Backstopping_75_Trillion
This is a travesty!
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