Federal Reserve: Ten Things That Every American Should Know About The Fed (UUP, C, BAC, JPM, GS, MS, WFC)

http://etfdailynews.com/2012/02/09/federal-reserve-ten-things-that-every-american-should-know-about-the-fed-uup-c-bac-jpm-gs-ms-wfc/

Good morning, so $26 billion dollar Mortgage fraud settlement, lets review shall we:

The following is a list of loan recipients that was taken directly from page 131 of the GAO audit report….

Citigroup (NYSE:C) – $2.513 trillion
Morgan Stanley (NYSE:MS) - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America (NYSE:BAC) – $1.344 trillion
Barclays PLC (NYSE:BCS) – $868 billion
Bear Sterns – $853 billion
Goldman Sachs (NYSE:GS) – $814 billion
Royal Bank of Scotland (NYSE:RBS) – $541 billion
JP Morgan Chase (NYSE:JPM) – $391 billion
Deutsche Bank (NYSE:DB) - $354 billion
UBS (NYSE:UBS) – $287 billion
Credit Suisse (NYSE:CS) – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo (NYSE:WFC) – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion