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."
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1 comments:
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.
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