Bail-out Bombshell: Fed “Emergency” Bank Rescue Totaled $29 Trillion Over Three Years
Reprinted from Alternet (December 15, 2011) While the 99% suffered hardship, a new study shows that the Fed propped up buddies in the banking industry and a vast shadow banking system far beyond what anyone has guessed. By J. Andrew Felkerson Speculation about the the Fed’s actions during the financial crisis has made headlines…