Thursday, December 2, 2010

Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms

The Gift that keeps on Giving

Surprise Surprise...Gift Giving by the illegal Federal Reserve.

By Jia Lynn Yang, Neil Irwin and David S. Hilzenrath
Washington Post Staff Writers
Thursday, December 2, 2010; 12:15 AM

The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009.
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