We have no idea who got this money or the conditions or collateral put up in return for the loans.
THESYNDROME.COM
News and Politics from a Progressive Perspective
17
Nov
$2 Trillion Handed out by Paulson and Bernanke, But Who Got It, Nobody Knows
Posted by admin Published in NewsTags: Bernanke, Collateral, Loans, Money, Paulson, Trillion
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17
Mar
The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession.
The central bank approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created another lending facility for big investment [...]
Tags: Collateral, Credit Crisis, Economic Growth, Economy, Federal Reserve, Financial Crisis, Financial Institutions, Interest Rate, Investment Banks, Lending Institutions, Market Liquidity, Orderly Market, Recession, Short Term Loans, Six Months, Warrant
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