Thursday, May 26, 2011

Copy Catch: Secret

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."

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