Bankers Get $4 Trillion Gift From Barney Frank: David ReillyQuicklink submitted by Robert Arend Permalink
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|--Instead, it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for 'no-more-bailouts' talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate's health-care bill look minuscule.|
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