- Bloomberg News
Our friends at WSJ's Real Time Economics take a closer look at the flurry of loans made in September 2008 under the Primary Dealer Credit Facility, the remarkable push by the central bank to extend credit to firms other than banks.
Real Time Economics' Sudeep Reddy points out the PDCF handled hundreds of loans in the six weeks following the weekend of Sept. 13-14, 2008, otherwise known as the Days Wall Street (Nearly) Died.
Among the firms who took loans under the PDCF were Morgan Stanley, J.P. Morgan, Credit Suisse, Goldman Sachs, Citigroup and Barclays Capital, which took out a $47.9 billion loan from the PDCF on Sept. 18, 2008.
Read more at Real Time Economics.
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