I love how the FED is referred to as the government. The FED is a private entity.
Seems now the FED has a perfect opportunity to swallow up some private banks that aren't owned by them.
The Bush administration is considering taking part ownership stakes in certain U.S. banks as an option for dealing with a severe global credit crisis.
The BUSH ADMINISTRATION is considering taking ownership?
The White House considers ownership stakes in banks?
So, who is taking part ownership in these failed, private banks?
The Bush Administration, The White House or the FED?
US government may take part ownership in banks - Yahoo! News
White House considers ownership stakes in banks - Yahoo! News