Fed Gave Banks Crisis Gains on Secretive Loans
Fed's secret loans to banking giants revealed
$80 Billion In Secretive Fed Loans Disclosed
Details Emerge Of Fed's Emergency Bank Loans In 2008
Meet ST OMO: The Top Secret Loan Facility The Fed Used To Loan Money To Banks
Fed Gave Banks Crisis Gains on Secretive Loans Low as 0.01%
Ben Bernanke Gave Wall Street an Unbelievably Sweet Interest Rate on That Secret $80 Billion Loan
Greenberger on Fed's Secretive Bank Loans
Fast-forward: August 2011:
B. Exclusive: Wall Street Aristocracy Got $1.2 Trillion in Secret Fed Loans:
"The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley, got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress."
Thursday, May 26, 2011
Copy Catch: US GDP
The Dow at 115: It's Close Relationship to GDP
Rise in jobless claims hits stock futures
US Stocks Lower on Jobless Claims Increase and GDP Estimate of 1.8%
Consumer Spending Cools More Than Estimated (The smaller gain in pay dwarfed the slowdown in spending, pushing the savings rate down to 5.1 percent in the first quarter from a prior estimate of 5.7 percent...Manufacturing, which accounts for 12 percent of the economy, is slowing this quarter...Economists at Goldman Sachs Group Inc. and JPMorgan Chase & Co. in New York each cut second-quarter growth forecasts by half a percentage point this week, citing setbacks in vehicle output caused by supply disruptions. Goldman trimmed its projection to 3 percent, while JPMorgan lowered it to 2.5 percent.)
Oil lower on disappointing jobs, GDP reports
Crude oil ends lower as GDP disappoints
Poor GDP Data Erases Oil Futures Gains
Disappointing US Unemployment, GDP Reports Sink Dollar
Emerging Stocks Rally Most in Five Weeks on South Korea, U.S. GDP Outlook
Rise in jobless claims hits stock futures
US Stocks Lower on Jobless Claims Increase and GDP Estimate of 1.8%
Consumer Spending Cools More Than Estimated (The smaller gain in pay dwarfed the slowdown in spending, pushing the savings rate down to 5.1 percent in the first quarter from a prior estimate of 5.7 percent...Manufacturing, which accounts for 12 percent of the economy, is slowing this quarter...Economists at Goldman Sachs Group Inc. and JPMorgan Chase & Co. in New York each cut second-quarter growth forecasts by half a percentage point this week, citing setbacks in vehicle output caused by supply disruptions. Goldman trimmed its projection to 3 percent, while JPMorgan lowered it to 2.5 percent.)
Oil lower on disappointing jobs, GDP reports
Crude oil ends lower as GDP disappoints
Poor GDP Data Erases Oil Futures Gains
Disappointing US Unemployment, GDP Reports Sink Dollar
Emerging Stocks Rally Most in Five Weeks on South Korea, U.S. GDP Outlook
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