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IPFS News Link • Obama Administration

Meredith Whitney: $250 billion in risky assets at BofA and Citi alone

• money.cnn.com/
To raise the TCE at the two banks to 5%, the government would need to pay around $150 billion more for those toxic assets than their current book value, for a premium of about 40%. That's a great deal for the banks, but a calamity for taxpayers.

thelibertyadvisor.com/declare