Federal Reserve announces recipients of $3 Trillion bank bailout

At noon today, the Federal Reserve is expected to announce the recipients of the bank bailout that took place after the Lehman Brothers crash of 2008.

This report is expected to identify who received what of the $3.3 Trillion in emergency funds after Congress mandated bank bailouts following the credit crisis.

In a report from Zerohedge and Bloomberg, the recipients and data will validate many of the big financial institutions already believed to have received funds.

At noon today, the Fed will provide an information dump identifying recipients of $3.3 trillion in emergency aid which it dispensed as per its interpretation of its mandate following the Lehman collapse. From Bloomberg: "The data will probably show the magnitude of central bank support to companies including Bank of America Corp. and General Electric Co. after the collapse of Lehman Brothers Holdings Inc. spurred a surge in private borrowing costs. Lawmakers demanded disclosure after the Fed approved aid dwarfing the federal government’s $700 billion Troubled Asset Relief Program." Not all data will be available, however: all important discount window information will not be included as part of this package: "Congress excluded one Fed program from disclosure, the discount window.

*Update

As this article was in progress, the Fed announced their findings in an Associated Press report.

Newly released documents show that the biggest recipients of aid in the U.S. included Citigroup Inc., Morgan Stanley, Merrill Lynch, Bear Stearns, Bank of America Corp. and Goldman Sachs & Co. Among the largest foreign bank recipients were Bank of England, Swiss National Bank, Barclays and Bank of Japan.

If you notice, there are many foreign banks in the list that received money to protect their interests.  This in itself is a violation of the Federal Reserve charter and mandate, and should tell you how much our system is now interlaced into the Global monetary system.