You have got to be kidding me.
Didn’t you bother to read this post with its article esp. page 131 as part of the excerpt? It says, before all the listed banks including the foreign ones receiving bailout monies, that money was lent out under “Broad-Based Emergency Programs” (12/2007 through 7/2010). The dollar amounts are in Billions.
You are quoting some fantasy guidelines usurped by TARP that was crafted by then Secretary of State Paulson and approved by Congress with little or no guidelines on lending during the meltdown.
It took a FOIA lawsuit by a newspaper and others to get the Federal Reserve to release these figures. The word ‘secret’ appears a few times in the report when referring to funding all banks.
No. Not even a little.
It says, before all the listed banks including the foreign ones receiving bailout monies, that money was lent out under “Broad-Based Emergency Programs” (12/2007 through 7/2010). The dollar amounts are in Billions.
Did you even bother to read my post? TARP, through the Treasury, lent taxpayer funds to US banks.
The Federal Reserve, using money they created from thin air (not taxpayer funds), lent to US banks AND foreign banks that had American subsidiaries.
The Fed did liquidity swaps with other central banks.
If you don't understand any of those terms, or the differences between the entities involved, you'll continue to post bad info.
You are quoting some fantasy guidelines usurped by TARP..... It took a FOIA lawsuit by a newspaper and others to get the Federal Reserve to release these figures.
See, you're mixing up TARP and the Fed.
Let me know if I can clarify it anymore for you. Always glad to help.