Posted AT 11:43 AM EST on 21/10/09
Deserted mall bleak symbol of Fed bailout
Oklahoma City — A $29-billion trail from the Federal Reserve's bailout of Wall Street investment bank Bear Stearns ends in a partly deserted shopping centre on a bleak spot on the south side of Oklahoma City. The Fed now owns the Crossroads Mall, a sprawling shopping complex at the junction of Interstate highways 240 and 35, complete with an oil well pumping crude in the car park – except the Fed does not own the mineral rights.
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