Tuesday, July 26, 2011 7:41:22 AM
Out of all borrowers, Citigroup received the most financial assistance from the Fed, at $2.5 trillion. Morgan Stanley came in second with $2.04 trillion, followed by Merill Lynch at $1.9 trillion and Bank of America at $1.3 trillion.
But it just wasn’t U.S. banksters that were showered with nearly interest-free loans. It turns out that approximately $3.08 trillion went to foreign financial institutions all over Europe and Asia.
Citigroup ---> $2500 billion
Morgan Stanley ---> $2040 billion
Merill Lynch ---> $1900 billion
Bank of America ---> $1300 billion.
Plus ---> $3080 billion went to foreign financial institutions all over Europe and Asia.
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