Wall Street Aristocracy Got $1.2 Trillion in Fed’s Secret Loans

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Wall Street Aristocracy Got $1.2 Trillion in Fed’s Secret Loans

Keoun and Kuntz 08/22/2011 www.bloomberg.com

“…Access to Fed backup support “’leads you to subject yourself to greater risks,’” Herring said. “’If it’s not there, you’re not going to take the risks that would put you in trouble and require you to have access to that kind of funding..’.”
Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning [...]

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