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Of bailouts and liquidity shakedowns

Here is an amazing multimedia article published by Bloomberg Markets Magazine in the U.S., that lists all of the individual banks which received financial assistance from the U.S. Federal Reserve during the 2008-09 crisis. It shows each bank's peak borrowing from the Fed, the number of days they held the funds, and the timeline for paying it back. You can sort the banks by name, amount borrowed, and other criteria.

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taxpayer bailout funds financial regulation financial crisis banks banking system bank bailout Bailout

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Weekly Audit: Bank execs looting customers, shareholders and taxpayers

By The Media Consortium
| April 21, 2009

by Zach Carter, TMC MediaWire Blogger

Some of the largest U.S. banks may be on the ropes these days, but the disparity between the plight of financial executives and ordinary Americans has never been starker. Over the past two decades, the banking system has grown accustomed to scoring massive profits by preying on its own customers, making 2009's transition to pilfering taxpayer wallets an easy one. After burying the economy under a mountain of unaffordable debt, bank CEOs are now finding ways to subsidize their own paychecks with taxpayer bailout funds.

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