Freeman

BLOG

Fed Watch

JULY 22, 2011 by SHELDON RICHMAN

Filed Under : Federal Reserve

The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank.

The Raw Story

HT: Ken Sturzenacker

ABOUT

SHELDON RICHMAN

Sheldon Richman is the former editor of The Freeman and TheFreemanOnline.org, and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families.

comments powered by Disqus