claim: "the fed created $1.2 trillion out of nothing, gave it to banks, and some of them foreign banks, so that they could stabilize their operations."
author: dennis kucinich
evidence_1: the emergency economic stabilization act of 2008 commonly referred to as a  bailout of the ... both foreign and domestic banks are included in the program. ....  the original proposal, which would have excluded foreign banks, had been  revised .... so far in its current and proposed bailouts is reportedly $1 trillion  compared to ...
evidence_2: "the fed created $1.2 trillion out of nothing, gave it to banks, and some of them  foreign banks, so that they could stabilize their operations." — politifact ohio on ...
evidence_3: aug 13, 2018 ... ben bernanke, then the chair of the u.s. federal reserve, made this remarkable  ... according to data from the bank for international settlements, gross capital ...  the collapse could easily have devastated both the u.s. and the .... $1 trillion and  $1.2 trillion in order to cover the gaps on their balance sheets ...
evidence_4: "the fed created $1.2 trillion out of nothing, gave it to banks, and some of them  foreign banks, so that they could stabilize their operations." — politifact ohio on  ...
evidence_5: nov 24, 2008 ... there is no precise definition of “financial crisis,” but a common view is that ... the  federal reserve and foreign central banks have cut short-term interest rates .... 1  about $1.2 trillion in subprime mortgages are outstanding, and most of ..... these  two cash flows; the operation was profitable so long as the ...