Secrets Revealed: Fed Unveils Bank Loans Made During the Crisis

``A massive cache of documents released by the Federal Reserve Thursday to FOX Business Network reveals that European banks were just as desperate for cash as their counterparts in the U.S. as the credit crisis exploded in late 2008. For instance, Dexia, with operations throughout Europe, hit up the Fed’s discount window for tens of billions of dollars in late 2008 as credit markets dried up around the globe and banks had no other alternative but seek U.S. government bailout funds.''