Ben Bernanke

GAO Audit Reveals Massive $16.1 Trillion in Secret Federal Reserve Crisis Loans

2011-12-01 00:00:00 +0000 UTC | Importance: 10/10

The first comprehensive audit of the Federal Reserve revealed it secretly provided $16.1 trillion in emergency loans to major financial institutions during the 2008-2010 financial crisis, far exceeding the $700 billion TARP program. The audit exposed unprecedented scale of financial sector bailouts, …

Federal Reserve Ben Bernanke Citigroup Morgan Stanley Goldman Sachs +4 more financial-crisis secret-bailout monetary-capture federal-reserve regulatory-capture +1 more