Episode 333 • • 1:13:41 - 1:16:50
333: Lions Stood Still
Standard & Poor's Resignation, Citigroup, Secret Fed Loans
Devin Sharma, the president of Standard & Poor's, resigned shortly after the firm downgraded U.S. government debt. He is being replaced by Douglas Peterson, a top executive from Citigroup. This move follows reports that the Federal Reserve provided $1.2 trillion in secret loans to major banks like Citigroup and Bank of America, a story largely ignored by mainstream news.