But they have been.
The inititial “bailout” approved by Congress was intended to be $700 BILLION.
Yes, for TARP. The Fed lending is separate.
according to this article the bail outs are ongoing.
It's 3 years old.
Because the Fed only counts the most outstanding at any one time.
How should they count it? You borrow $1000...pay it back, borrow $1000 more. How much did you borrow?
Sorry but where I come from this is called Cleptocracy, looting, white collar crime,.....
The Fed’s $16 Trillion Bailouts Under-Reported
The media’s inscrutable brush-off of the Government Accounting Office’s recently released audit of the Federal Reserve has raised many questions about the Fed’s goings-on since the financial crisis began in 2008.
The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media – albeit the results are undoubtedly newsworthy. It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.