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.
I see in your mind everything is above board and transparent with no sleight of hand involved, just a prefect financial machine at work.
(So far) Before any lending of monies, they are sterilized through the Federal Reserve. Treasury tell the Federal Reserve what they want and the Treasury gets it. The fall guy is the Federal Reserve. If the Treasury or the President’s Plunge Protection Team is causing buying into the stock market or doing direct loans with foreign governments or having the Bank of Japan buy dollars, you will never know or understand how this banking system is manipulated.
Show me and explain where the SWAPs occurred that cover the entire amount of money forwarded to foreign banks listed in the table on page 131, I’ll be waiting. I’ll give you a clue...TARP overruled the Federal Reserve’s normal procedures. That is what the report is about and that is what you can’t comprehend.