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July 21, 2011 09:05 pm

Fed Audit's Initial Report Reveals Trillions in Secret Loans

An anonymous reader writes "The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression."

Read more of this story at Slashdot.



Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/KweLiuJyvMM/Fed-Audits-Initial-Report-Reveals-Trillions-in-Secret-Loans

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