Monday, December 6, 2010

Federal Reserve Discloses $2.3 Billion Short-Term Loan to Harley-Davidson ? $3.3 Trillion in Total to Others


The Federal Reserve made disclosures today that it quietly made short-term loans to major institutions and Fortune 500 companies during the 2008-2009 economic meltdown. Among one of the companies listed as receiving a 3-month Commercial Paper Funding Facility (CPFF) promissory note from the Fed is Harley-Davidson, which received 33 loans totaling $2.3 billion in aid to meet operational needs. Other companies who received economic help include GE (12 loans totaling $16 billion), Verizon (two loans ...

Source: http://feedproxy.google.com/~r/AsphaltandRubber/~3/5Egzl5fQ7i4/

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