DreamRetirement wrote a fantastic post today on “It’s The Derivatives, Stupid! Why Fannie, Freddie and AIG All Had to be Bailed Out”
Here’s ONLY a quick extract
It’s The Derivatives, Stupid! Why Fannie, Freddie and AIG All Had to be Bailed Out
By Ellen Brown Something extraordinary is going on with these government bailouts. In March 2008, the Federal Reserve extended a $55 billion loan to JPMorgan to “rescue” investment bank Bear Stearns from bankruptcy, a highly controversial move that tested the limits of the Federal Reserve Act. On Se…
Read the full post from Million Baby Boomers . com 嬰兒潮博客
Tags: financial crisis, Money Management, money crunch
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To view the rest of this excellent post, you MUST go here