16.1 Trillion Dollars In Secret Loans To The Big Banks

July 2011 GAO report on the Federal Reserve.

Note page 131 where they list off the loan amounts dished out during the banking crisis.

Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
“All Other Borrowers” - $2.639 trillion

Total of 16.1 trillion, more than the annual GDP of the US.

Hat tip to Michael Snyder of The Economic Collapse blog

  • Charlie Primero

    And The People care more about some black kid getting shot in Florida, or some gun-running government spook getting killed in Benghazi. This racket did not develop by accident.