Monday, December 5, 2011

The largest borrowers of the Federal Reserve. (In the critical period of Lehman's collapse.

Let's see what the Americans did in their 2008 crisis.
The Federal Reserve provided approximately $7.7 trillion  supporting the banking system. See the list below. 
Keep it for reference in the future.
1. Morgan Stanley: $ 107 billion
2. Citigroup Inc. : $ 99.5 billion,
3. Bank of America Corp. : $ 91.4 billion,
4. Royal Bank of Scotland Group PLC: $ 84.5 billion,
5. State Street Bank: $ 77.8 billion,
6. UBS AG: $ 77.2 billion
7. Goldman Sachs Group Inc.: $ 69 billion
8. JPMorgan Chase & Co.: $ 68.6 billion,
9. Deutsche Bank AG: $ 66 billion, YES the Germans!
10. Barclays PLC: $ 64.9 billion,
11. Merrill Lynch: $ 62.1 billion,
12. Credit Suisse Group: $ 60.8 billion
13. Dexia SA: $ 58.5 billion,
14. Wachovia Corp.: $ 50 billion,
15. Lehman Brothers Holdings: $ 46 billion,
16. Wells Fargo & Co.: $ 45 billion
17. Bear Stearns: $ 30 billion,
18. BNP Paribas SA: $ 29.3 billion,
19. Hypo Real Estate Bank International AG: $ 28.7 billion,
20. Fortis Bank: $ 26.3 billion,

The American taxpayer will pay the bill.

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