01-02-2012, 07:26 PM
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#1273
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Ring of Famer
Old School
Join Date: Sep 2002
Location: In the Tetons!
Posts: 19,285
Adopt-a-Bronco: WorrellWilliams
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Quote:
Originally Posted by alkemical
http://www.blacklistednews.com/Bank_...38/38/Y/M.html
Bank Of America Dumps $75 Trillion In Derivatives On U.S. Taxpayers With Federal Approval Bloomberg reports that Bank of America (BAC) has shifted about $22 trillion worth of derivative obligations from Merrill Lynch and the BAC holding company to the FDIC insured retail deposit division. Along with this information came the revelation that the FDIC insured unit was already stuffed with $53 trillion worth of these potentially toxic obligations, making a total of $75 trillion.
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anyone see Margin Call?
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