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Fed Discloses Recipients of Bailout Loans

HeadlineDec 02, 2010

The Federal Reserve has released documents disclosing the corporate recipients of U.S. government aid during the financial crisis. According to Bloomberg News, the Fed handed out $3.3 trillion in bailout loans. The companies extended beyond the financial sector to include firms like Caterpillar, General Electric, Harley Davidson, McDonald’s, Verizon and Toyota. The Huffington Post reports two foreign banks, Deutsche Bank and Credit Suisse, were the largest recipient of the Fed’s purchase of mortgage-backed securities.

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