Links 3/26/2023 | naked capitalism
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It's one of several new promising signs that wall street's day of reckoning may finally be near. here's another. a jury found bank of america liable for fraud by country wide linked to loans that it sold government backed mortgages to fannie and freddy. it's a major win for the u.s. government. a judge is going to determine the dollar figure bank of america will have to shell out. that's not all. the obama doj is closing in on a record-breaking resolution for an insider trading case against s.a.c. capital. the firm used illegal and inside information to become one of the most successful hedge ...
Taxpayer funded relief and one in alphabet soup of stimulus spending. all of a sudden the government had lent and spent and guaranteed an estimated 29 trillion to rescue wall street. help that continues to this day. a front row seat of all of it serving at the treasury department in the clinton and obama administration. five years later she is senior fellow at the aspen institute and founder of the better banking project. susan, big news today, are you surprised by the fed's move? >> i'm actually not surprised. i know the market was expecting them to pull back and that's why we had this big ra...