Wednesday 10 June 2009

Moneynews

Breaking News from Moneynews.com

Taxpayers Losing Billions on Big Bailouts Gone Bad
The Federal Reserve lost $5.25 billion in the first quarter on the securities it acquired with last year's bailouts of Bear Stearns and insurer American International Group, according to a report issued Wednesday. That brings the cumulative loss on Bear and AIG holdings come to $16.46 billion since they were taken over last year.
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