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Fed Lends $9 Trillion in Loans

Fed Lends $9 Trillion

By Chris Isidore, senior writerDecember 1, 2010: 4:12 PM ET

NEW YORK (CNNMoney.com) — The Federal Reserve made $9 trillion in overnight loans to major banks and Wall Street firms during the financial crisis, according to newly revealed data released Wednesday.

The loans were made through a special loan program [...]