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Feds Hiding 2 trillion $$ in Secret Loans to Banks
“Although the price tag on the Treasury Department’s Troubled Asset Relief Program is $700 billion, the full amount that the government has invested in its rescue effort for struggling financial institutions appears to be closer to $2.5 trillion. Bloomberg L.P., the parent company of Bloomberg News, said last week that it filed a lawsuit seeking information on the collateral that a group of banks pledged for some $2 trillion in emergency loans from the Federal Reserve.”
Jump to: “The rising cost of the bailout” at bailoutsleath.com
As I said back on September 20th (Uncle Sam’s Farm), the final price tag just keeps going up and up, and best sources say it will be over 4 trillion.
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Hang outside to dry
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