First Eagle Bank obtains $7.5 million in bailout money.Chicago Tribune - A $314.9 million-asset bank based in Hanover Park has obtained $7.5 million in federal bailout money. ...
GlobalResearch.ca | VIDEO: The Financial Crisis and the Bank Bailout
GlobalResearch.ca | VIDEO: The Financial Crisis and the Bank Bailout
This public debt crisis is all the more serious because the US federal government does not control monetary policy. All public debt operations go through the Federal reserve, which is in charge of monetary policy, acting on behalf of private financial interests. The government as such has no authority over money creation. This means that public debt operations essentially serve the interests of the banks."
