Bloomberg News: Banks Got An Undisclosed $13 Billion During Bailout

[Crooks and Liars]

Crooks and Liars Wrote:We will continue to see the economic effects of the "extend and pretend" philosophy of pumping massive amounts of public money into failing banks for a very long time. (Thank God we taught those homeowners a moral lesson by refusing to help them, huh?) Yes, the banks lied about their stability, the regulators lied to the public, and no, they really didn't pay back TARP in full. But at least we didn't allow homeowners to get a break, and that's the most important thing (as a bunch of millionaires courageously decided).

It's a shame that the European Union isn't learning from our mistakes, either:

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions [...]

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