By EconMatters Catching up on my new reading on a Sunday afternoon, top of the headline at Bloomberg was an investigative piece finally revealing how much, when and whom the Federal Reserve provided the discount window and emergency lending facilities to from August 2007 through April 2010. The loans were intended to bridge the liquidity crunch and maintain the credit market during the 2008 financial crisis. Based on Bloomberg’s account, the Federal Reserve provided to the “Wall Street Elite” as much as $1.2 trillion in public money to banks and other companies from August 2007…
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