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Federal Reserve to Reveal ALL Bank Bailouts | ||
The Supreme Court rejected an appeal from the Federal Reserve to keep all bailout details a secret from the public.
The Fed has five days to comply with the order to reveal all banks that received emergency bailout funds in 2008.
It's the first time that this type of the Fed's secret data will be revealed to the public, and it's likely there will be some surprises.
You can be sure that the banks who received these funds don't want anyone to know about it. And many of these bank stocks may take a haircut, depending on the details revealed in the next 5 days.
Ian Wyatt of Wyatt Investment Research recently put together an in depth research report on one bank that never took a dime of bailout funds, nor did they need to. They currently pay out a greater than 8% dividend yield. You can read the full details on this secret, unknown bank right now.
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