JP Morgan would not take the assets from the Bear Stearns bucket however the Federal Reserve ended up with the Red Roof Inn assets. $186 million is the sucker of last resort which meacns the taxpayer ends up co-owner of the Red Roof Inn.
How about Ben Bernanke as the main character
in the next commercial?
Friday, May 7, 2010
Alan Grayson $186 million investor sucker for the Red Roof Inn and ends up with the Federal Reserve
Labels:
Alan Grayson,
Bailout,
Banks,
Federal Reserve
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