Mogura
10-05-2009, 06:48 PM
The Federal Reserve last year began extending credit directly to companies that aren’t banks for the first time since it was created in 1913 in response to the most cataclysmic financial crisis in America since the Great Depression. Total lending by the Fed was $2.12 trillion on Sept. 30. At present, the Fed won't release the names of these companies to the public despite being bailed out with public funds. Bloomberg is suing the Fed to make those names public. This should be interesting. :popcorn:
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