THE REAL WORLD OF MONEY
Andrew Gause may just be the top man anywhere for the highest quality analysis into the world of money we all live in. Andrew is a currency historian, an internationally recognized expert on the United States monetary system. He’s written two books, “The Secret World of Money” and “Uncle Sam Cooks the Books”. You can order these books as well as speak to Andrew personally. As a One Radio Network listener, you’ll have highest priority in his phone time. His # is 800.468.2646
Fed gets subpoena on BofA-Merrill deal… For the second time this year, the privately owned Federal Reserve is under pressure to come clean on its role in a costly government bailout of a big financial company.
China’s second-largest bank calls on the US government to start issuing bonds in yuan… The head of China’s second-largest bank has said the United States government should start issuing bonds in yuan, rather than dollars, in the latest indication of the increasing importance of the Chinese currency.
Regional bank in Illinois fails… Bank of Lincolnwood was shuttered by Illinois regulators Friday, bringing the number of failed banks this year to 37 and costing the Federal Federal Deposit Insurance Corp.s deposit insurance fund $83 million.
This Bank years failures have cost the FDIC a total of $11.4 billion, compared with $17.6 billion in 2008. Over the next 5 years, the FDIC expects roughly $70 billion in losses due to the failures of insured institutions.
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