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by TheaGood
on 15/4/17
In 2012, the Fed handed $1.637 billion in dividends to banks. It’s “a risk-free entitlement program,” wrote David Dayen. “It’s one of the many unknown ways the Fed extends special benefits to Wall Street.”
http://www.allgov.com/news/where-is-the-money-going/senate-pulls-a-fast-one-on-banks-by-trying-to-eliminate-102-year-old-freebie-150728?news=857067