Story display


ID:

616

Date:

2011-08-22

Headline:

Wall Street Aristocracy Got $1.2 Trillion in Secret Loans

Reporter's name:

Bradley Keoun and Phil Kuntz

Delay/denial:

No

Lawsuit:

Yes

Fees:

No

Media outlet:

Bloomberg

City:

New York, NY

Summary:

Loans to major American banks and other financial institutions, details of which had not been disclosed publicly in other bailout coverage, turned out to reach $1.2 trillion, according to data released by the Federal Reserve as part of a FOIA lawsuit brought by Bloomberg.

Notes:

Bloomberg also created a data-visualization tool, at http://www.bloomberg.com/data-visualization/federal-reserve-emergency-lending, which lets viewers compare borrowers by various measures.

Keywords:

Citigroup Inc., Bank of American Corp., Federal Reserve, U.S. Treasury, loans, Ben Bernanke, Morgan Stanley, collateral, credit

URL:

http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html


Agencies:

FRB
TREAS

States:

NY

Categories:

business


Return to front page