while the rest of the world was trying to figure out if they were going to survive the great recession. it s eerie that the solution to the economic problems is let s throw $1 trillion at a problem and let all the millionaires on wall street get in the middle. the banks got us into this problem and the banks profited remarkably. not only were they not punished, but got reward phd the end. matt, good reach. thanks very much. thank you to the federal reserve for giving us feedback on that as well. high gas prices can be a good thing. if you don t believe me, i ll explain next in my xyz.
when i m old and gray i guess i m not going to get too gray, but when i m old, i m going to remember one thing about the financial crisis, and that was that nobody could get a loan. well, the government and the federal reserve were trying to deal with that problem. it ended up they gave money to people who you would be a little surprised to find out needed the money. matt tevy has a great article in rolling stone. he talks about what this was supposed to be and how it actually turned out. matt, what was sold to the public isn t what necessarily turned out to be the case. you have a story about two women connected to wall street who ended up getting more than $200 million in loans for what? tell us the story. for ages there s been this effort to try to open the fed s books to try to find out what s going on there. during the debate of the dodd frank bill, a number of congressmen, alan greyson, bernie paul and some on the senate side got together and ended up getting an amendment
t.a.r.p. bailout. there was talf. it gets bigger and others. what i m saying is on wall street there were a lot of people trying to figure out how they could get a piece. but the government wanted them to do that. that was the whole point of the exercise. in the end, i m sure we re going to go back with a microscope and find a lot of instances that don t look pretty good. matt, you re a reporter, you talked to these women? no. neither of them would christy mack flatly refused to comment. and susan, i approached everyone to get a comment out of her and was unable to. i called them and they declined comment. i wasn t able to give they borrowed taxpayer dollars, but it isn t clear that taxpayers lost money in this. let me just tell you, did the fed give you a response? no, they did not. they gave you a response. they gave me a response. the fed told me any u.s. firm could borrow from talf.