Posted on 04/01/2011 6:25:39 AM PDT by maggief
One of the biggest secrets of the financial crisis was disclosed Thursday when the Federal Reserve released thousands of pages of data showing heavy discount-window borrowing by foreign banks, regional U.S. banks and institutions fighting for survival.
It was the first time the Fed has given details about banks that borrowed from the central bank's oldest emergency-lending facility. Thursday's move was forced by lawsuits filed by Bloomberg LP's Bloomberg News and News Corp.'s Fox Business Network, and last year's Dodd-Frank law requires the Fed to disclose future borrowings after a two-year lag. Details of other rescue programs by the Fed were made public in December.
(Excerpt) Read more at online.wsj.com ...
How a Libya-owned bank borrowed from Fed in crisis
Michael Babad
Globe and Mail Update
Published Friday, Apr. 01, 2011 7:46AM EDT
http://www.presstv.ir/usdetail/172586.html
Federal Reserve lent to Gaddafi-owned bank
Fri Apr 1, 2011 12:56PM
I assume that all of that Libyan loan, as is usual for that part of the world, conveniently disappeared in part or in whole into various open pockets.
No wonder the Fed tried to hide this shameful "lending". Bailing out Hypo was probably futile but at least it makes some sort of financial sense. Giving money to Libya's central bank was just stupid.
See also Bloomberg’s
“Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak”
Who do we punish and how do we punish them?
Should Obama and Bernanke both be arrested? Why is Congress not deliberating on arrest motions as we speak?
America, where are you now, don’t you care about your sons and daughters?
Another chapter for the IMPEACHMENT FOLDER!!!!
I still think that if we had the details about how the Lockerbie bomber deal was worked out, why it was done, and who the players all were, that would explain a lot. Including this.
That foreign banks were given US taxpayer funds is reason enough for Congress to demand Bernanke’s immediate resignation and begin some serious overhaul of the Federal Reserve itself.
Ping.
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Libya-Owned Bank Drew at Least $5 Billion in Loans From Fed
Thursday, March 31, 2011
Some additional links....
Federal Reserve lent to Gaddafi-owned bank
How a Libya-owned bank borrowed from Fed in crisis
Sanders Questions $26 Billion Credit For Libyan Bank Bank Exempted From US Sanctions
Those sanctions were a joke from the get-go, with a loophole big enough that Congress and the media should've been screaming bloody murder. But they didn't, did they, and now we know at least one of the reasons why.
With the Federal Reserve doing its damndest, why the heck do the Islamists need al Qaeda?!
Thank you for the additional links.
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Ping
(Thanks for the links ... reposting here.)
Obama Deception by Alex Jones
http://www.youtube.com/watch?v=vgelrZYOyKg
http://www.youtube.com/watch?v=F_wUe5bWyhk&NR=1
This is just more republican slander and hate mongering. Our appointed, err/umm chosen leaders would never do anything against the interest of our beloved country. /s
http://www.freerepublic.com/focus/f-news/2688642/posts
(John) Kerry set to introduce bipartisan infrastructure bank bill
The Hill ^ | March 14, 2011 | By Vicki Needham
Posted on Monday, March 14, 2011 2:04:28 PM by maggief
Democratic Sen. John Kerry (Mass.) will introduce bipartisan legislation later this week to create a federal infrastructure bank to fund major projects around the nation, an aide told The Hill.
Kerry has at least one Republican senator backing the initiative — the American Infrastructure Financing Authority — that will initially cost about $10 billion and provide loans and loan guarantees for large, much-needed infrastructure projects.
(Excerpt) Read more at thehill.com ...
Fugitive Libyan central bank governor Farhat Omar Bengdara surfaces in Istanbul
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