Top 10 banks that borrowed from Fed during crisis
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The Federal Reserve revealed Wednesday which banks had received the trillions of dollars in loans and other aid it provided during the 2007-2009 financial crisis. Many of the emergency lending programs it set up enabled banks to repeatedly borrow large sums. When added up, the numbers are eye-popping: the European Central Bank, for example, racked up $8 trillion in borrowing under an arrangement it had with the Fed. All those loans were repaid, as was the borrowing by the top 10 private banks, below:
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