October 21, 2011
A couple of days ago I mentioned that Bank of America, in an approval from the Federal Reserve (Ben Bernanke) and the FDIC, transferred $75 trillion in potentially toxic assets to a taxpayer-guaranteed account. If you don’t quite understand what that means, watch the following video. It will help.
Never underestimate the difficulty of changing false beliefs [with] facts.
Economist Henry Rosovsky