Fed ID’s companies that used crisis aid programs
WASHINGTON (AP) – The Federal Reserve revealed details Wednesday of trillions in emergency aid it gave to U.S. and foreign banks and to nonbank companies ranging from General Electric to Harley-Davidson during the financial crisis.
New documents show that the most loan and other aid for U.S. institutions over time went to Citigroup ($2.2 trillion), followed by Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bear Stearns ($960 billion), Bank of America ($887 billion), Goldman Sachs ($615 billion), JPMorgan Chase ($178 billion) and Wells Fargo ($154 billion). Read the rest: http://www.wtop.com/?nid=111&sid=2184235


