Tag: FDIC

The Fed, B of A, JP Morgan put US taxpayers on EU’s hook

Are US Taxpayers EU Banks’ Sugar Daddies?by Jude CowellDon’t spew your cereal but it has been revealed that our tricky old Federal Reserve Bank has put US taxpayers on the hook–in a word, responsible–for the financial fall out if European banks fail!In the brew are two of our usual criminal suspects who got no regulatory approval for this scheme–Bank of America and J. P. Morgan. Meanwhile, the