From:   David DeGraw <David@AmpedStatus.com>
Sent time:   Tuesday, October 18, 2011 4:25:27 PM
To:   september17@googlegroups.com
Subject:   [september17discuss] Bank of America and JP Morgan Shifting Losses Onto US Taxpayers
 

the news below has been spreading around several email groups today.  BofA and JPM are shifting potentially HUGE EU-related losses onto US taxpayers.  A very scandalous / ominous move, to say the least:

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank Of America's Derivatives Trades

http://dailybail.com/home/holy-bailout-federal-reserve-now-backstopping-75-trillion-of.html

we should take action against this. any ideas?

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