Bank of America and Citigroup, Rolling in Cash, Also Got Trillions in "Secret Loans" from the Fed

Chief executive officers from eight of the largest U.S. banks receiving government aid testify at a House Financial Services Committee hearing in Washington, D.C on Feb. 11, 2009. Photographer: Brendan Smialowski/Bloomberg

You know how Bernie Sanders released a list of ten corporations barely paying any taxes, and Bank of America and Citigroup were both on it? Well, it seems like the Fed thinks the behemoth banks aren't getting enough help, even after trillion-dollar bailouts by the Fed. Today Bloomberg reports that the banks—which the business/financial outlet calls "Wall Street Aristocracy"—received $1.2 trillion in "secret fed loans," just as the housing market started to collapse. Read more
Here's the Bloomberg video, please excuse the commercial lead in.