From this article on FOX - Dec 2nd (I’m picking some paragraphs).
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“Federal Reserve Under Fire for Lending Big to Foreign Banks During Financial Crisis”
“As President Obama’s deficit commission nears a vote on a plan to slash U.S. government spending, the Federal Reserve is under fire after it revealed it gave a big chunk of its multi-trillion dollar Wall Street bailout to companies not based on Wall Street — or even in the United States. ‘
....the central bank lent billions to foreign banks that operate in the U.S., including Germany’s Deutsche Bank Securities, which got $290 billion in mortgage securities; London-based Barclay’s, which received a $47.9 billion loan; France’s BNP Paribas Securities, Switzerland’s UBS Securities LLC and Daiwa Securities America, a subsidiary of one of Japan’s largest brokerage houses.”
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Personally I’m not fond of propping up the financial institutions of socialist governments - it allows socialism to act successful, and then be thrown in our faces as a ‘working’ economic model.
The loans were paid back. Our money was not given away.