Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues

[Freebird100]

Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went

In summary, instead of doing everything in its power to stimulate reserve, and thus cash, accumulation at domestic (US) banks which would in turn encourage lending to US borrowers, the Fed has been conducting yet another stealthy foreign bank rescue operation, which rerouted $600 billion in capital from potential borrowers to insolvent foreign financial institutions in the past 7 months. QE2 was nothing more (or less) than another European bank rescue operation!

http://www.zerohedge.com/article/exclusive-feds-600-billion-stealth-bailout-foreign-banks-continues-expense-domestic-economy-

[Letsbereal]

Recap: German and French banks got $36 billion from AIG Bailout
15 March 2009, Posted by: Michael Mandel (Bloomberg Businessweek)
http://www.businessweek.com/the_thread/economicsunbound/archives/2009/03/german_and_fren.html

Here’s the country table. The detailed bank table is under the break.

CountryAIG-related payments in billions of dollars

US 43.5
France 19.1
Germany 16.7
UK 12.7
Switzerland 5.4
Netherlands 2.3
Canada 1.1
Spain 0.3
Denmark 0.2
---------------------------------------------
Total 101.3


AIG-Related Payments per Country in billions of dollars

Bank of Montreal 1.11.1 Canada
Danske 0.20.2 Denmark
Société Générale 11.9 France
BNP Paribas 4.9 France
Calyon 2.3 France
---------------------------------------------
Total 19.1 France

Deutsche Bank 11.8 Germany
Dresdner Kleinwort 2.2 Germany
Deutsche Zentral-Genossenschaftsbank 1 Germany
DZ Bank 0.7 Germany
KFW 0.5 Germany
Dresdner Bank AG 0.4 Germany
Landesbank Baden-Wuerttemberg 0.1 Germany
---------------------------------------------
Total 16.7 Germany

ING 1.5 Netherlands
Rabobank 0.8 Netherlands
---------------------------------------------
Total 2.3 Netherlands

Banco Santander 0.30.3 Spain

UBS 5 Switzerland
Credit Suisse 0.4 Switzerland
---------------------------------------------
Total 5.4 Switzerland

Barclays 8.5 UK
HSBC Bank USA 3.5 UK
Royal Bank of Scotland 0.7 UK
---------------------------------------------
Total 12.7 UK

Goldman Sachs 12.9 US
States and Cities 12 US
Merrill Lynch 6.8 US
Bank of America 5.2 US
Citigroup 2.3 US
Wachovia 1.5 US
Morgan Stanley 1.2 US
AIG International Inc. 0.6 US
JPMorgan 0.4 US
Citadel 0.2 US
Paloma Securities 0.2 US
Reconstruction Finance Corp 0.2 US
---------------------------------------------
Total 43.5 US



List of derivative transactions in the A.I.G. bailout in 2008
http://www.scribd.com/doc/25937003/List-of-Derivative-Transactions-in-A-I-G-Bailout

[Letsbereal]

Bailed Out Banks List CNN Money

The Treasury Department has invested about $200 billion in hundreds of banks through its Capital Purchase Program in an effort to prop up capital and support new lending.

Here’s a list of the banks that got bailed out: http://money.cnn.com/news/specials/storysupplement/bankbailout/