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August 22nd, 2011 
FAKE NEWS for the Zionist agenda 
Bradley Keoun and Phil Kuntz
Bloomberg
Aug 22, 2011
Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress.
“These are all whopping numbers,” said Robert Litan, a former Justice Department official who in the 1990s served on a commission probing the causes of the savings and loan crisis. “You’re talking about the aristocracy of American finance going down the tubes without the federal money.”
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9 Responses to “Wall Street Aristocracy Got $1.2T in Loans”
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Well, god bless bernanke for being so giving! placeofrefuge2012.com
What I don’t understand is WHY did they needed to LIE about these loans (we US citiznes do have a need to know when our money is being GIVEN AWAY)!
Our GOvT mule balatantly throws their devious and defiant ways right in our faces on a daily basis, so again I ask, WHY MIS-INFORM/LIE?
Does this not point to MORE facts that out GOvT is NOT TRUSTWORTHY and is like a little PUNK running around bragging that they found their parent’s money stash?!
“Look what we just did with your money and there NOTHING YOU CAN DO ABOUT IT!”
“We’re gonna keep doling out funds to banks and Mortgage “Spenders” (Do they even LEND anymore?) that only want to screw you more!”
Our governments cooperate with a kind of international fraud to loot the citizens and then again loot the middle class to support the international moneymob and to maintain the tax haven for the rich, as Warren Buffet expressed. Says political party www,LOTto,KG Mainwhile the nuclear missiles are still not decomissioned 20 years after the cold war, still every day threatening and risking our extermination and changing earth into hell for the survivors. Its the doomsday lotto. Are our leaders fluffies or are they real men who are ending this at once, otherwise replace the fluffies by real women at once, no tatchers pls, for our survival, to end the nuclear missiles doomsday lotto at once.
Under foreign debt forgiveness programs, the regime was made was responsible for the regime’s debts. The people were not held liable.
automatic weapons fire erupted on Wall Street. markets closed forever.
This is a joke, when did this banks go broke? Two of them are the biggest banks in not only America but other countries going by different names. They want our toilet paper next?
this is joke,..
no more jobs for the citizens but the wall.st bankers own 1.2T $,..
Mr Bent Bernanke should have b-passed the banks and given the loans directly to American citizens so that they could pay their home mortgages, the loans could have been paid back with a small percent interest rate, this would have really stimulated the American economy, instead of giving back handed (never to be paid back) loans to crooked banks.
Mr Bent Bernanke, how do you sleep at night ?
If American people don’t wake up and realize whats been going on in the private (UN FEDERAL RESERVE BANK) they will continue to rob you till the cows come home !!!
How true that is! If these mortgages got paid they would loose the power in what is happening today by everyone’s fear alone