Banks and Fed $13 Billion Sleazier Than You Thought

Banks and Fed $13 Billion Sleazier Than You Thought

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The Federal Reserve and the big banks made $13 billion in profits from below-market rates during bailouts that included seven trillion dollars in clandestine loans to insolvent banks kept secret for two years from Congress and, obviously, you, says an explosive new report from Bloomberg Magazine. Astounding. And they wonder why people are pissed. Also, revisiting the great video explaining how bank bailouts "worked."

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