Just in the nick of time? Federal reserve has a history of bail outs
I think we're all aware of the stock crisis that's been exploding this week — all thanks to that pesky little problem called the housing market.
It was also announced this week that the Federal Reserve would bail out AIG, and I heard on NPR this morning that they're considering doing more. So that got me thinking: Just how many of these has the Feds done?
Voila! AP comes to my rescue, and they sent out a chart yesterday explaining its history. And while we're at it, let's do a review of the top banks in America and look at how many billions both the Federal Reserve and world banks are investing to keep this ship from sinking.





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