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View Diary: Federal Reserve Made $1.2 Trillion In Secret Loans During 2008 Financial Crisis (15 comments)

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  •  Major Tom, if you read the GAO report, (1+ / 0-)
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    Major Tom

    the text accompanying Table 8 that reports the $16 trillion specifically states that the figure is counting loans that were rolled over more than once.  That means the loans were either not used and renewed, or were used and repaid and made again (like a line of credit). Table 9, which reports a much lower number, is an attempt to correct the double counting.  As much as I love Sanders, I don't think his press release is correct on the facts, but I would love to be proven wrong,

    Hey, Republicans, the whole world is watching.

    by TAH from SLC on Tue Aug 23, 2011 at 11:18:26 AM PDT

    [ Parent ]

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