Bank of America is attempting to rob America blind with the help of the Federal Reserve
By Madison Ruppert
Bank of America Corp. (BAC) is in trouble and any other business which would just go under without any help; the corrupt banksters, with the help of the private Federal Reserve, are attempting to pass off their failures to the American people. Again.
Only three years ago the American people had massive debts piled on our heads by being forced to bail out the biggest lenders in the United States.
During this bailout, Bank of America received a whopping $45 billion and as of midyear had deposits numbering some $1.04 trillion.
Now Bank of America is attempting to protect itself from its derivative exposure through its Merrill Lynch unit by moving derivatives to a subsidiary replete with insured deposits.