A Nation In Distress

A Nation In Distress

Thursday, December 2, 2010

Federal Reserve Reveals Details Of $3.3 Trillion In Crisis Loans

From The Audacity of Hypocrisy:

5:48 PM (8 hours ago)Fed Discloses Details of $3.3 Trillion in Crisis Loansfrom Audacity Of Hypocrisy by adminThe Federal Reserve on Wednesday released details on $3.3 trillion in emergency loans made during the 2007-2009 financial meltdown, including who borrowed how much and what collateral they put up.










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The findings, published in accordance with a deadline set by a wide-ranging rewrite of U.S. financial rules enacted in July, sheds light on who benefited most from the central bank’s controversial efforts to support financial institutions and credit markets.

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