Lifting the veil on its $3 trillion emergency rescue of the financial industry, the Federal Reserve Wednesday revealed the names of U.S. and foreign banks that benefited hugely from nearly a dozen programs to stem panic and keep money moving.
McClatchy News: How Hank Paulson’s inaction helped Goldman Sachs
From Zero Hedge:
Submitted by Tyler Durden on 10/08/2010 13:15 -0500
In the following interview with the WaPo’s Ezra Klein, Janet Tavakoli shares some more information on why every bank is about to shut down all foreclosures, in what she calls the “biggest fraud in the history of capital markets.” Not very surprisingly, we are, so far, spot on in our 29th September projected timeline at this point: “We predict that within a week, all banks will halt every foreclosure currently in process. Within a month, all foreclosures executed within the past 2-3 years will be retried, and millions of existing home sales will be put in jeopardy.”
Wow, who ever would have guessed that Goldman Sachs would support maintaining the Bush tax cuts for the wealthiest 2%?