Government ID's Companies Who Utilized Bailout Monies (FAZ)

Steve Perraut artist

Remember the old saying, "patience pays". It as only  matter of time before we learned this information. Yesterday the Fed released the trail of which trillions of tax dollars followed into entities during the financial crisis. They even gave foreign banks cash infusions...... 

(AP writes) "Newly released documents show that the most loan money over time went to Citigroup ($2.2 trillion), followed by Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bank of America ($1.1 trillion), Bear Stearns ($960 billion), Goldman Sachs ($620 billion), JPMorgan Chase ($260 billion) and Wells Fargo ($150 billion). Many of the individual loans they took were worth billions and had short durations but were paid back and renewed many times."

Posted in: government bailout,tarp