Tagged with " Fed rescue"
28 Nov
2011
Posted in: HARP in the Media
By    Comments Off on NY Times on Bloomberg News: How the Fed Rescue Benefited Banks

NY Times on Bloomberg News: How the Fed Rescue Benefited Banks

In November of 2011, NY Times wrote a story on a report by Bloomberg News regarding the Fed Rescue.

The central bank provided emergency loans, asset purchases and other aid totaling roughly $7.8 trillion during a two-year period ending in March 2009, easily the largest component of the government efforts to bulwark the financial system.