Monday, June 13, 2011

Fed's 600 Billion Stealth Bailout of Foreign Banks, June 12 2011

Tyler Durden
Zero Hedge
Courtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed’s generosity during the peak of the credit crisis were foreign banks, among which Belgium’s Dexia was the most troubled, and thus most lent to, bank.

more HERE

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