The WSJ today reports:
"To encourage banks to pick through the wreckage of their collapsed competitors, the FDIC has agreed to assume most of the risk on $80 billion in loans and other assets. The agency expects it will eventually have to cover $14 billion in future losses on deals cut so far. The initiative amounts to a subsidy for dozens of hand-picked banks."
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As China and Russia build their (fragile) alliances, the US amps up the new Cold War by urging Japan to mutliply its defense spending: ...
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By Polina Devitt and Tom Balmforth (Reuters). (2019, August 5). Putin to Trump: We'll develop new nuclear missiles if you do. Yahoo ...
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