Secrets of the Fed's $7.8 TRILLION Bank Bailout Revealed

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It took more than two years, Freedom of Information Act requests, and a lawsuit, but the Bloomberg team finally managed to reconstruct just how much banks relied on the Fed's support, and the answer is: a lot. Specifically, "the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year."

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