Secret loans to big banks

This video from the USA is called Fed Handed Out $1.2 Trillion in Secret Loans Amid Crisis.

The US Federal Reserve Board secretly handed out trillions of dollars in virtually free loans to major American and European banks at the height of the financial crisis between 2007 and 2010, according to an article posted Sunday by Bloomberg News: here.

Fed’s $1.2 Trillion In Financial Sector Loans ‘A Classic Case Of Moral Hazard’: here.

The Obama administration has intervened to support a settlement by banks charged with fraudulent practices in the processing of home foreclosures that would prevent state governments from carrying out their own investigations of major Wall Street firms: here.

Amy Goodman, Democracy NOW!: “An explosive new report in Rolling Stone magazine exposes how the US Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent him a letter detailing the unlawful destruction of records detailing more than 9,000 information investigations. We speak with Matt Taibbi, the political reporter for Rolling Stone magazine who broke this story in his latest article, ‘Is the SEC Covering Up Wall Street Crimes?'” Here.

Deven Sharma, Head Of Ratings Agency Standard & Poor’s, To Step Down: here.