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How the Banks Received $1.2 Trillion in Secret Loans during Financial Crisis

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The Fed’s Secret Liquidity Lifelines [bloomberg.com] reveals when and which banks and other companies (e.g. GE, Ford, Toyota) received over $1.2 trillion in public money between August 2007 and April 2010. Bloomberg News had to aggregate and analyze over 29,000 documents to discover over 21,000 different loans, which can know be analyzed and contrasted with each other.

In practice, the collection of line graphs show the exact dates the loans occurred and were closed for a specific company plus the historical market value of that company. Peak borrowing amounts, borrowing timelines and average balances can be easily compared.

Article source: http://feeds.infosthetics.com/~r/infosthetics/~3/zTh_soqNXKI/how_banks_received_12_trillion_in_secret_loans_during_financial_crisis.html. Creative Commons (CC)


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