Fed Board Member Conflicts Detailed by GAO: Banks and Businesses Took $4 Trillion in Bailouts
WASHINGTON, June 12 – More than $4 trillion in near zero-interest Federal Reserve loans and other financial assistance went to the banks and businesses of at least 18 current and former Federal Reserve regional bank directors in the aftermath of the 2008 financial collapse, according to Government Accountability Office records made public for the first time today by Sen. Bernie Sanders. On the eve of Senate