Too-Big-To-Fail Banks Have Raked In $102 Billion In Subsidies Since 2009: Report

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America’s biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail. And yet people keep finding evidence of those subsidies.

The latest is World Bank economist Deniz Anginer, in a study for Bloomberg Markets magazine. Anginer estimates that the six biggest U.S. banks have saved $82 billion in borrowing costs since 2009 because investors believe the government will never let them fail and thus don’t charge as much to lend them money as they do smaller banks. The report will be published in the June issue of the magazine.

Together with dirt-cheap government borrowing programs, Bloomberg estimates these banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — have saved $102 billion since 2009 because of their size advantage.

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A new study tries to estimate the subsidies enjoyed by too-big-to-fail banks. (Victor J. Blue/Bloomberg via Getty Images)

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Moon Explosion Sparked By Meteorite Crash On Lunar Surface, NASA Says (VIDEO)

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The moon has a new hole on its surface thanks to a boulder that slammed into it in March, creating the biggest explosion scientists have seen on the moon since they started monitoring it.

The meteorite crashed on March 17, slamming into the lunar surface at a mind-boggling 56,000 mph (90,000 kph) and creating a new crater 65 feet wide (20 meters). The crash sparked a bright flash of light that would have been visible to anyone looking at the moon at the time with the naked eye, NASA scientists say.

“On March 17, 2013, an object about the size of a small boulder hit the lunar surface in Mare Imbrium,” Bill Cooke of NASA’s Meteoroid Environment Office said in a statement. “It exploded in a flash nearly 10 times as bright as anything we’ve ever seen before.” [The Greatest Lunar Crashes Ever]

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This artist’s illustration shows a meteor crashing into the surface of the moon. Scientists say hundreds of space rocks impact the lunar surface every year.

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Celestine V, 13th-Century Pope, Examined; Skeleton Rules Out Murder By Head Trauma (PHOTOS)

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Pope Celestine V was an elderly, possibly frail man. After living as a self-flagellating hermit in Italy, he served as pontiff for only five months before resigning at the end of the 13th century. Since his death, the so-called “Hermit Pope” has been the subject of much speculation and intrigue, with legend holding that the he was murdered by his successor, Boniface VIII.

During examinations of Celestine’s remains, a small, mysterious hole found on his skull led some to believe he died from trauma to the head. But a recent examination of the pope’s skeleton suggests this murder theory might be false. Instead, Celestine may have died slowly from natural causes as he languished in Boniface’s castle prison, where he was locked away soon after his resignation prompted fears that two popes could cause a schism in the Church.

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Celestine V’s remains, newly outfitted with a silver mask and papl vestmetns, lie in repose at the Basilica of Santa Maria di Collemaggio, in central Italy.

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Asteroid 1998 QE2 To Give Earth A Close Shave On May 31 (VIDEO)

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A gigantic asteroid will fly by our planet at the end of this month, making its closest approach for at least the next two centuries on May 31. But, don’t worry, it won’t get closer than about 3.6 million miles, which is around 15 times the distance between Earth and the moon.

Astronomers plan to use radar telescopes to get a good look at the space rock, named Asteroid 1998 QE2, between May 30 and June 9.

“Asteroid 1998 QE2 will be an outstanding radar imaging target at Goldstone and Arecibo [observatories] and we expect to obtain a series of high-resolution images that could reveal a wealth of surface features,” radar astronomer Lance Benner, the principal investigator for the Goldstone radar observations from NASA’s Jet Propulsion Laboratory, said in a written statement.

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Anastasia Adair, Colorado Woman, Dies After Assault Rifle Accidentally Discharges

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A Denver-area woman died Tuesday night after an assault rifle she was handling accidentally fired and shot her in the head.

Witnesses told ABC Denver affiliate KMGH that Anastasia Adair, 22, was passing an AK-47-style assault rifle to her husband, Dana “Shane” Adair, when the gun went off. A second shot was fired when Anastasia fell and dropped the rifle, but no one was hit by it, two witnesses and the husband told police.

Shane Adair told police that the gun had a light trigger pull. Federal Heights Police Lt. Gary Toldness said that the fatal bullet’s trajectory appeared consistent with the witness accounts of an accidental shooting. The investigation is continuing.

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Anastasia Adair (R), shown with husband Dana “Shane” Adair (L), was killed in an accidental shooting at her Colorado home Tuesday.

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Andrea Rebello, Hofstra University Student, Shot Dead By Masked Intruder During Home Invasion

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Andrea Rebello, 21, of New York, was shot dead by a masked gunman while her twin sister was in the house, cops told the New York Post. The gunman was also killed in a firefight with police.

The intruder broke into the home at about 2:20 a.m., where the sisters, one of their boyfriends and another woman were staying. The suspect held them hostage for a short time, but let the unidentified woman go to get cash from an ATM. She called police, NBC News reports.

Rebello and the gunman were killed during a firefight that erupted when police arrived. Police told the Post that the suspect killed Rebello, and cops killed him.

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A Hofstra University student was killed in her home Friday morning during a botched robbery.

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Timothy Hunter Allegedly Stages Home Invasion, Attacks Wife

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A Florida man is accused of pretending to be a home intruder and violently attacking his wife.

Timothy Hunter, 29, and his 27-year-old wife contacted deputies Wednesday night, claiming that a masked man entered their Deltona home and attacked the woman, according to a release from the Volusia County Sheriff’s Office.

The wife told officers that while Hunter was on a trip to the store, the intruder man burst into the bedroom, pushed her off the bed, slashed her and demanded money before fleeing. Two young children were at home at the time, though her husband took their infant with him on his errand.

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Timothy Hunter, 29, has been charged with aggravated battery and tampering with evidence.

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Pope Tawadros II And Pope Francis: Coptic Orthodox And Catholic Heads Meet In Vatican (PHOTOS)

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Two popes prayed together Friday at the Vatican, one Catholic and one Orthodox, in a sign of improving ties following the election of new leaders for both churches.

Pope Francis welcomed the head of the Coptic Orthodox Church of Egypt, Pope Tawadros II, in the first such meeting at the Vatican in 40 years, saying his visit “strengthens the bonds of friendship and brotherhood” between the two churches.

The Coptic and Catholic churches split in the fifth century over theocratic differences.

Christians comprise about 10 percent of Egypt’s population. The Coptic Orthodox Church of Egypt counts about 10 million faithful, while the Coptic Catholic Church in Egypt – whose faithful are loyal to Pope Francis – counts about 165,000.

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Pope Francis (R) greets the Coptic Orthodox leader Tawadros II during a private audience in the pontiff’s library on May 10, 2013 at the Vatican. Tawadros II arrived in Rome the day before for a historic four-day visit to meet Pope Francis — a sign of growing rapprochement between the Vatican and the Orthodox world. AFP PHOTO / POOL / ANDREAS SOLARO (Photo credit should read ANDREAS SOLARO/AFP/Getty Images)

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