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Monday, July 30, 2012

FDIC Loaned $618 Billion To Banks During Panic; Who Got How Much?

There are some stunning numbers coming out of the FDIC this morning. Writes Bob English for EPJ:

The FDIC just released "Issuer Reported Debt Details" for the Debt Guarantee Program (DGP) of its Temporary Liquidity Guarantee Program (TLGP)--meaning a detailed list of which banks borrowed on the backs of the taxpayer during the financial panic and how juicy the terms were. A total of $618 billion was guaranteed by the FDIC over an approximate one year period.
Bank America managed to borrow $64 billion at zero percent interest.

Here are the totals, by institution (keep in mind, holding companies and the actual regulated bank might be listed as separate entities):


1 comment:


This is what occurs when you have a Chicago Mafia President...