Toddsterpatriot
Diamond Member
They paid off the TARP loans right after their trip to the Federal Reserve Back Door.................Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts -- Sott.net
The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..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 many many more including banks in Belgium of all placesView the 266-page GAO audit of the Federal Reserve (July 21st, 2011):
And all those short term loans were paid off.
The lender of last resort.....lent.
The global banking system did not collapse.
Then the news went SEE..........they paying it off................
Why did they need the TARP side loans if they were getting loans from the back door of the Federal Reserve already...................
To Feed the public BS...........
They paid off the TARP loans right after their trip to the Federal Reserve Back Door.................
They paid off the TARP and the Fed loans.
The US Treasury made $87 billion in profits.