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IPFS News Link • Federal Reserve

Mish: Bernanke Angry AIG Operated Like A Hedge Fund

• Michael Shedlock / Mish
Even with that $163 billion going Goldman, Citigroup, JPMorgan or whoever, and even with a further $300 billion in guarantees to Citigroup and another $100 billion in guarantees to Bank of America, the banking system is still insolvent.