When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BNKZ - Another Bank Bailout Under Cover Of A Virus
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - BNKZ
Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities.
When the Dodd-Frank Act was passed in 2010, President Obama triumphantly declared, "No more bailouts!" But what the Act actually said was that the next time the banks failed, they would be subject to "bail ins" - the funds of their creditors, including their large depositors, would be tapped to cover their bad loans.