Laid-off workers who relied on COBRA subsidies to help pay for health insurance saw the benefits end Wednesday. Under the program, the government paid 65 percent of COBRA costs with federal stimulus dollars. Wednesday saw the end of 15 months of extended subsidies for those who lost their jobs between September 2008 and May 2010.
The Federal Reserve got loan-happy from 2007 to 2010, handing out mega funding to several top banks and brokerage firms, such as Morgan Stanley, Citigroup and Bank of America. The secretive financial agreements were meant to stop the economy from plunging into depression.