The Federal Reserve on Thursday released a collection of 25,000 emergency-lending documents detailing the Banks that sought for financial help during the economic downturn of 2008.
While the agency initially resisted the release of this information, they ultimately were forced to disclose the document when demanded by the federal courts as a result of favorable lawsuits brought by Bloomberg News and Fox News.
In these documents, hundreds of Banks were reported to have received cash ranging from $1,000 to several million in loans from the Fed, which were provided through the discount window loan program, in hopes to recoup losses during the crisis. [New York Times]
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