 Image uploaded from a quicklink (Image by Unknown Owner) Details DMCA | The US Federal Reserve mounted an unprecedented campaign to head off a depression by providing as much as $1.2 trillion in public money to banks and other companies from August 2007 through April 2010. The emergency loans were intended to help recipients cope with cast shortfalls and keep credit markets from grinding to a halt. Bloomberg News sorted through more than 29,000 pages of previously secret documents and Fed spreadsheets detailing more than 21,000 loans to compile a database showing which companies got the emergency liquidity, and when.
Just how bad of shape were these companies in? Who borrowed how much and when? Which companies were taking public money while continuing to provide huge bonuses to top employees? Which companies took public money while still spending millions to lobby Congress to fight regulation and investigations into the causes of the crash? |
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At www.bloomberg.com
At www.bloomberg.com
