Fed Bailout money went to GE

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The Fed's efforts to prop up the financial sector reached across a broad spectrum of the economy, benefiting stalwarts of American industry including General Electric and Caterpillar and household-name companies such as Verizon, Harley-Davidson and Toyota. The central bank's aid programs also supported U.S. subsidiaries of banks based in East Asia, Europe and Canada while rescuing money-market mutual funds held by millions of Americans.

http://www.washingtonpost.com/wp-dyn/co ... 06870.html


Hmmm, doesn't GE own NBC and MSNBC? Furthermore wasn't GE selling equipment to Iran?

I read on raw story that the biggest benifiary of the bank bailout was 2 conglomerous forgien banks. Although, it still did not do much good anyway