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Secret Fed Loans Helped Banks Net $13 Billion


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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 didn't tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on December 5, 2008, their single neediest day. Bankers didn't mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy.

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Well, time to levy a 50% tax on those bailout gains to help the deficit.... in my dreams...

Edited by questionmark
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Not to mention 7.7 TRILLION with a T. HERE

Oh and remember who initiated the bail outs in the first place Barney Frank and Chris Dodd.

Low and behold Barney Frank is leaving, apparently rats don't want to go down with the ship.

Who owns the Fed? Here

Edited by cerberusxp
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