Tarp Fund
Quote:
A new report by Bloomberg Markets Magazine details trillions of dollars in secret federal loans made to the big banks during the 2008 financial crisis, a process that helped them rake in billions of dollars in undisclosed profits. Here, some key numbers that illuminate the Federal Reserve's "breathtaking" $7.7 trillion bank bailout
So the truth comes out, and Bernanke says that the true amount wasn't disclosed to quell bitterness towards banks. Well, I'm sure as hell bitter about it now.
Of course the markets don't care, as long as those pesky poor people don't own too much stock, when they get too much stock will go down, but then the smart rich people will buy it back up, making it high once again!
30 Nov 2011, 6:54 pm
