G.E. and JPMorgan Got Lots of Fed Help in ’08

New records show that during the financial crisis of 2008, GE and JPMorgan Chase, recieved huge amounts of aid from the Fed even as their CEO's served on the nine member board of the Federal Reserve Bank Of New York. Now even though the CEO's of both these companies were not involved in the creation of the emergency loans program,which was approved in Washington, this information shows that they got really cheap loans. This conflict of interests has come under scrutiny recently. A government acoountability office is looking into this potential conflict of interests at the Fed.