Bank of America Secretly Bailed out by Federal Reserve Yet AgainSubmitted by the clover helix on Tue, 02/19/2013 - 06:09
"In July of 2012, the Federal Reserve Bank of New York granted a bailout to Bank of America; however, this didn’t become publicly known until court filings were made late last week. The amount of the settlement is undisclosed, however AIG was seeking upwards of $7 billion in damages from Bank of America. The Fed threw its weight behind BOA and released the bank from any claims of fraud."
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