Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms

"The Fed's efforts to prop up the financial sector reached across a broad spectrum of the economy, benefiting stalwarts of American industry including General Electric and Caterpillar and household-name companies such as Verizon, Harley-Davidson and Toyota. The central bank's aid programs also supported U.S. subsidiaries of banks based in East Asia, Europe and Canada while rescuing money-market mutual funds held by millions of Americans.
The biggest users of the Fed lending programs were some of the world's largest banks, including Citigroup,Bank of AmericaGoldman Sachs, Swiss-based UBS and Britain's Barclays, according to more than 21,000 loan records released Wednesday under new financial regulatory legislation."
Note:  The irony is that these dirtbags show the highest level of efficiency when it comes to foreclosures.  That they can get done in a heartbeat.  We are being robbed.


  1. Jack Rabbit..Thanks for that link there.. I'll see if I can figure how to drive some more traffic your way..

  2. thank you poorrichard. Not writing much recently - in a slump - sounding like a broken record.

    Yes - your blog is a fine one. I really need to do more to support folks like you fighting the good fight.

    Your help is greatly appreciated. Anything to keep the good word and the truth going.

    Good to hear from you by the way.


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