spark more banks return to the government
The US Federal Reserve's bailout of Citigroup has raised
questions about the government's creation of powers to save its
The Federal Reserve used Section 13.3 of the Federal Reserve
Act, which allows it to protect the American economy from
systemically threatening collapses, to guarantee more than $290
billion in Citigroup assets.
While the $20 billion that came directly from the Troubled
Asset Relief Program (Tarp) garnered a lot of attention, 13.3
could spark more...