What about the $2 trillion that the Fed has loaned the banks so far?

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2008-12-13 07:24

Frank K
Colorado Springs, CO

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Congress is bickering about $15 billion in bailouts to the auto industry. Meanwhile, according to Bloomberg, the Fed as of November 6th has loaned out over $2 trillion of taxpayers money to the banks and also refuses to disclose recipients or collateral. Why isn't Congress or the mainstream media hollering about what the Fed is up to?

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