Friday, April 01, 2011

No April Fool's joke: Foreign banks took most from Fed

What Bernanke's unsuccessful coverup reveals: "Foreign Banks Tapped Fed's Lifeline Most as Bernanke Kept Borrowers Secret" (Bloomberg, April 1, 2011): "U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya."

1 comment:

Anonymous said...

The pirates landed and gave up their ships for marble buildings with big columns out front, but don’t be the fool their still pirates.