Monday, January 23, 2012

Federal Reserve Emergency Loans Totaled $29 Trillion Over 3 Years (for 12/17/11)

At least $29.616 trillion in emergency loans both in the U.S. and Internationally since the 2008 Financial Crisis. Much of this lending was to shadow banks, institutions with high leverage that can put the economy at risk. Through March 2009, banks made $13 billion of income from low- interest loans. http://www.alternet.org/economy/153462/Bail-out_Bombshell%3A_Fed_%22Emergency%22_Bank_Rescue_Totaled_%2429_Trillion_Over_Three_Years/

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