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Where some of your money went.....

 
Green Shoots
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User ID: 1150237
United States
08/22/2011 01:33 AM
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Where some of your money went.....
[link to www.bloomberg.com]


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 (MS), 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

Last Edited by Green Shoots on 08/22/2011 01:38 AM

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