Oct
19
2011
Bank Of American Backdoor Bailout?
Posted by BITS of WS Admin in Business News, FinancialThe Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn’t believe regulatory approval is needed, said people with knowledge of its position.