Fed Handed Wall Street $1.2T in Loans
In 2006, their best year ever, the 10 biggest US banks and brokerage firms made $104 billion in profits. By 2008, they had taken more than six times that amount—$669 billion—in emergency Federal Reserve loans. That amount, as well as amount loaned by the Fed to all its…
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Fed Handed Wall Street $1.2T in Loans
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on August 22, 2011. Filed under News, World News.
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