Here is a news release about the bank bailout.

By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – 2 mins ago
WASHINGTON – The Federal Reserve revealed details Wednesday of more than $3 trillion in emergency aid it provided to U.S. and foreign banks during the financial crisis.

It also named the companies that used its emergency loan programs and revealed how much they borrowed. Newly released documents show the companies included Goldman Sachs & Co., Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. They also show that foreign banks such as Barclays, Royal Bank of Scotland and Deutche Bank borrowed hundreds of billions of dollars.

The documents are a reminder of how crippled the financial system had become during the crisis and how much it's recovered since. Banks earned $14 billion from July through September this year.

The Fed released the data in the form of more than 21,000 transactions. The disclosures are required under the financial overhaul law. The Fed's programs were credited with helping restore the health of individual banks and stabilize the financial system.

The documents detail more than $2 trillion the Fed lent through eight programs from December 2007 to July this year to ease a credit crisis. It came at a time when credit had virtually dried up and was worsening the deepest recession since the Great Depression.

The lending programs had never been used before and are now defunct. Most of the loans have been repaid, and none are overdue, Fed officials say.

Here is the link.. By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – 2 mins ago
WASHINGTON – The Federal Reserve revealed details Wednesday of more than $3 trillion in emergency aid it provided to U.S. and foreign banks during the financial crisis.

It also named the companies that used its emergency loan programs and revealed how much they borrowed. Newly released documents show the companies included Goldman Sachs & Co., Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. They also show that foreign banks such as Barclays, Royal Bank of Scotland and Deutche Bank borrowed hundreds of billions of dollars.

The documents are a reminder of how crippled the financial system had become during the crisis and how much it's recovered since. Banks earned $14 billion from July through September this year.

The Fed released the data in the form of more than 21,000 transactions. The disclosures are required under the financial overhaul law. The Fed's programs were credited with helping restore the health of individual banks and stabilize the financial system.

The documents detail more than $2 trillion the Fed lent through eight programs from December 2007 to July this year to ease a credit crisis. It came at a time when credit had virtually dried up and was worsening the deepest recession since the Great Depression.

The lending programs had never been used before and are now defunct. Most of the loans have been repaid, and none are overdue, Fed officials say.