Democratic Underground - it seems that number is $16.115 Trillion

Reply #7: it seems that number is $16.115 Trillion [View All]

Motown_Johnny

(1000+ posts) Send PM | Profile | Ignore

Mon Dec-05-11 08:09 PM
Response to Reply #4

7. it seems that number is $16.115 Trillion

cross posting from Alan Grayson

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2431241

^snip^

Page 131 – The total lending for the Fed’s “broad-based emergency programs” was $16,115,000,000,000. That’s right, more than $16 trillion. The four largest recipients, Citigroup, Morgan Stanley, Merrill Lynch and Bank of America, received more than a trillion dollars each. The 5th largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group, PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a quarter of a trillion and a trillion dollars. None of them is an American bank

I am also kinda curious how they loaned the money back out and earned $13 Billion in interest on it if it was all just day loans

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Reply #7: it seems that number is $16.115 Trillion [View All]