British banks got $1 trillion bailout from U.S. government

The Federal Reserve has released details of more than 21,000 transactions after being forced by the Dodd-Frank Wall Street Reform Act to disclose which institutions it had bailed out in the financial turmoil since December 2007.

The data reveals that British-based banks accounted for $1 trillion (£640bn) of the money the Fed issued to prop up the financial sector.

Barclays took the biggest chunk of bailout money, borrowing $863bn from the Fed. Almost half of the money came in overnight loans thought the Primary Dealer Credit Facility, a programme intended to help banks dealing in US Treasuries.

Barclays has since paid all of its loans, which came about because of Barclay's $1.75 purchase of Lehman Brothers.

Raggamuffin wrote:Never.

Ben_Reilly wrote:

Raggamuffin wrote:Never.

Scrounger.

Raggamuffin wrote:

Ben_Reilly wrote:

Raggamuffin wrote:Never.

Scrounger.

I'm sure you yanks must owe the Brits for something you did in the past - maybe 100 years ago.

Ben_Reilly wrote:

Raggamuffin wrote:

I'm sure you yanks must owe the Brits for something you did in the past - maybe 100 years ago.

I believe in 1916, you were creating the plot that would lead to today's instability in the Middle East while getting your asses kicked left and right by the Ottoman Empire. It would still be a few years before we had to bail you out of a world war ...

Raggamuffin wrote:

Ben_Reilly wrote:

Raggamuffin wrote:

I'm sure you yanks must owe the Brits for something you did in the past - maybe 100 years ago.

I believe in 1916, you were creating the plot that would lead to today's instability in the Middle East while getting your asses kicked left and right by the Ottoman Empire. It would still be a few years before we had to bail you out of a world war ...

I wasn't plotting anything in 1916 - I'm not that old.

Do you mean WW2? The yanks didn't bail anyone out - Germany declared war on them. They should be grateful they could use the UK as a base from which to attack Germany.

Ben_Reilly wrote:

Raggamuffin wrote:

I wasn't plotting anything in 1916 - I'm not that old.

Do you mean WW2? The yanks didn't bail anyone out - Germany declared war on them. They should be grateful they could use the UK as a base from which to attack Germany.

NO, the UK was getting its ass handed to it in WWI before the Americans entered as well.

If you don't have to take responsibility for anything that happened before your birth that you don't like ... then you don't get to claim greatness for anything that happened before your birth, either.

Either you own both your country's past achievements and its crimes, or you own neither -- you don't get to cherry-pick.

Raggamuffin wrote:

Ben_Reilly wrote:

Raggamuffin wrote:

I wasn't plotting anything in 1916 - I'm not that old.

Do you mean WW2? The yanks didn't bail anyone out - Germany declared war on them. They should be grateful they could use the UK as a base from which to attack Germany.

NO, the UK was getting its ass handed to it in WWI before the Americans entered as well.

If you don't have to take responsibility for anything that happened before your birth that you don't like ... then you don't get to claim greatness for anything that happened before your birth, either.

Either you own both your country's past achievements and its crimes, or you own neither -- you don't get to cherry-pick.

I wasn't claiming greatness - I was referring to your habit of talking about things which happened years and years ago. I'm afraid you took my example of 100 years rather too literally.

Calm down before you go into another anti-Brit rant and start posting pro-IRA videos again.

Ben_Reilly wrote:

Raggamuffin wrote:

I wasn't claiming greatness - I was referring to your habit of talking about things which happened years and years ago. I'm afraid you took my example of 100 years rather too literally.

Calm down before you go into another anti-Brit rant and start posting pro-IRA videos again.

I only talk about things that happened a century ago if A) they still impact the world today or B) they're interesting.

Did I take what you said the wrong way? Did I maybe do that deliberately?

Did you find it frustrating? Did you wish for more mature debate?

nicko wrote:The Americans helped us out in ww2,   and by fuck they had their pound of flesh for doing it.   Lend Lease,  we gave up British territory for your help and have not long finished paying you millions for it! and if Japan had not bombed Pearl Harbour you would not have done anything.


Yanks in England ww2      over sexed, over paid and over here!