Tag Archives: The 99 Percent
bailout banks

The Federal Reserve’s Secret 1.2 Trillion Dollar Wall Street Bailout

by Efrain Nieves The Federal Reserve secretly bailed out Wall Street banks in 2008. The top 3 banks were, Morgan Stanley with a $107.3 billion bailout, Citigroup borrowed $99.5 billion and Bank of America with $91.4 billion. In 2006, Citigroup and Bank of America profited 104 billion dollars. Yet, by 2008,  Citigroup and Bank of America borrowed “$669 […]

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