Banks

ProPublica Investigation
2:30 pm
Tue March 6, 2012

Fed Shrugged Off Warnings, Let Banks Pay Shareholders Billions

The Federal Reserve Building, Washington D.C.
Photo by Dan Smith Wikimedia Commons

In early November 2010, as the Federal Reserve began to weigh whether the nation's biggest financial firms were healthy enough to return money to their shareholders, a top regulator bluntly warned: Don't let them.

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