Monday, November 28, 2011

That Bank Bailout Was Way Bigger Than Anyone Thought - Business - The Atlantic Wire

That Bank Bailout Was Way Bigger Than Anyone Thought - Business - The Atlantic Wire:
Remember the $700 billion Troubled Asset Relief Program with which the federal government came to the rescue of faltering banks in 2008? Well, according to a Bloomberg report, that was just a fraction of the financial help the Federal Reserve Bank wound up doling out to troubled lenders. The real total was reportedly closer to $8 trillion, after you add up benefits outside TARP, including emergency loans given at below-market rates: