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bac & wfc(forget wiki.. it was fed $$) are toast

Started by Riversider
about 15 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
Bank of America Corp. and Wells Fargo & Co. were among the top borrowers from the Term Auction Facility, one of the Federal Reserve’s first and longest-lasting efforts to combat the financial crisis. Bank of America had three loans for $15 billion each outstanding from the facility as of Jan. 15, 2009, while Wells Fargo had three loans for $15 billion each on Feb. 26, 2009, according to documents released today by the Fed to comply with orders from Congress to identify recipients of emergency http://www.bloomberg.com/news/2010-12-01/bofa-wells-fargo-among-recipients-of-3-3-trillion-fed-aid-during-panic.html
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