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From late 2007 through mid-2010, Reserve Banks provided more than a trillion dollars… in emergency loans to the financial sector to address strains in credit markets and to avert failures of individual institutions believed to be a threat to the stability of the financial system.
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Originally Posted by NC_Skins
Crooks getting away with robbery and we just close our eyes and cover our ears.
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Last I checked, a loan required repayment. Robbery does not.
What were the terms of the loan?
What's the interest rate?
Was their fraud in deciding which companies received the loans?
Yes, there were some conflict of interest issues, but "robbery"? Try again. According to the article, almost all the loans have been repaid and the rest are expected to be repaid. It's more an issue of the Fed's haphazard manner in handling the matter and the lack of oversight in determining who gets chosen. All matters that can be corrected (and likely will be).
A few facts beyond "Loans were made" would be useful to back up the highway robbery charges.