Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms

Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms

By Jia Lynn Yang, Neil Irwin and David S. Hilzenrath

Washington Post Staff Writers
Thursday, December 2, 2010; 12:15 AM

The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009.