Fed Plays Wall Street Favorites in Secret Bond D
Post# of 25343
Posted On: 02/22/2012 1:03:49 AM
Fed Plays Wall Street Favorites in Secret Bond Deals: Mortgages
The Federal Reserve secretly selected a handful of banks to bid for debt securities acquired by taxpayers in the U.S. bailout of American International Group Inc., and the rest of Wall Street is wondering what happened to the transparency the central bank said it was committed to upholding.
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