Global Economic Crisis Bailouts in Context

The first ever audit of the Federal Reserve was carried out in 2011 due to a change in law. From December 2007 and June 2010 the U.S. Federal Reserve bailed out not only world banks, but coporations and governments as well at 0% credit totalling U.S.$16 trillion!

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and others

Source:

“Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts” http://www.silverbearcafe.com/private/10.11/gaoaudit.html

 

2 thoughts on “Global Economic Crisis Bailouts in Context

  1. Pingback: Anonymous

Comments are closed.