By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.-Wall Street Aristocracy Got $1.2 Trillion From Fed
Staggering numbers, analysts say, which bring into perspective just how out of control banks, corporations and financial institutions were -- during the worldwide economic meltdown.
Half of the biggest borrowers were foreign banks.
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