Godlike Productions - Conspiracy Forum
Users Online Now: 2,224 (Who's On?)Visitors Today: 204,598
Pageviews Today: 266,761Threads Today: 37Posts Today: 863
01:28 AM

Back to Forum
Back to Forum
Back to Thread
Back to Thread
Message Subject THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Poster Handle RoXY
Post Content
Secret Fed Loans Helped Banks Net $13B
By Bob Ivry, Bradley Keoun and Phil Kuntz
Nov 28, 2011 1

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didnít tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didnít mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fedís below-market rates, Bloomberg Markets magazine reports in its January issue.

CONTINUE AT: [link to www.bloomberg.com]
Please verify you're human:

Reason for copyright violation:


This Flag Represents The Principle, "Fight For What You Believe In."

This Is The Rebel Flag, "You're Either Free Or You're Not."