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December 2, 2010

Fed Discloses Recipients of Bailout Loans
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The Federal Reserve has released documents disclosing the corporate
recipients of U.S. government aid during the financial crisis. According
to Bloomberg News, the Fed handed out $3.3 trillion in bailout loans.
The companies extended beyond the financial sector to include firms like
Caterpillar, General Electric, Harley Davidson, Mc Donald’s, Verizon and
Toyota. The Huffington Post reports two foreign banks, Deutsche Bank and
Credit Suisse, were the largest recipient of the Fed’s purchase of
mortgage-backed securities.



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