November 2011
137 posts
Secret Fed Loans Gave Banks Undisclosed $13B →
“That’s a lot of cheese” -E. Longoria
soupsoup:
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until...
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“That atmosphere of fear that tabloids cause – and I experienced that a bit, back...”
– Jarvis Cocker (via aerogare)
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