2010-09-25wsj.com

``Friday's moves include the seizure of three wholesale credit unions, plus an unusual plan by government officials to manage $50 billion of troubled assets inherited from failed institutions. To help fund the rescue, the National Credit Union Administration plans to issue $30 billion to $35 billion in government-guaranteed bonds, backed by the shaky mortgage-related assets.''



Comments:

StephenF at 22:01 2010-09-25 said:
Forgive me for my naivete, but some Guys this board promote Credit Unions with a sense of infallibility. I am shaken by this news...My god what is next??? Permalink

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