Forum Post: Bank of America: derivitaves, debt, and treachery
Posted 12 years ago on Oct. 23, 2011, 3:32 p.m. EST by Cicero
(407)
This content is user submitted and not an official statement
BofA in a sinister plot is trying to move some toxic debt from uninsured FDIC accounts to FDIC accounts so that it can get the money back from the government when these derivatives implode.
The secret bailout that the media isn't talking about.
Good Post. Provide the links, show the people.
We need to bring this issue to the forefront!
I DARE BofA and their ilk to mark these 'assets' to market values. They know full well it is worth pennies on the dollar, that's why they want the public to cover it for them through our FDIC.
The Government was warned about this in the late 90's. You might find this interesting: http://www.pbs.org/wgbh/pages/frontline/warning/interviews/born.html