Vivvo CMS 4.1 PRI: Public Radio International http://www.pri.org/ ©2010 Spoonlabs d.o.o. PRI: Public Radio International http://www.pri.org/files.php?file=rss_682409203.gif http://www.pri.org/ Bloomberg uncovers details of previously secret Federal Reserve bank loan program http://www.pri.org/stories/business/economic-security/bloomberg-news-uncovers-details-of-previously-secret-federal-reserve-bank-loan-program.html Economic Security Wed, 30 Nov 2011 14:09:00 -0600 According to their reporting, the Federal Reserve lent out as much as $1.2 trillion, virtually no strings attached, at very low interest rates to banks during 2008. The program had been shielded from public scrutiny and hidden even for Congress. The program netted banks a $13 billion profit. PRI: Public Radio International