Fed Kept Taps Open For Banks In Crisis (Libyan-owned bank borrowed 73 times)

Wall Street Journal ^ | April 1, 2011 | LIZ MOYER And DAVID BENOIT

[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.

[mewzilla]

From March 9th....

Libyan Central-Bank Governor Is Replaced

[maggief]

http://www.bilderberg.org/

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http://www.freerepublic.com/focus/f-bloggers/2622756/posts

George Soros, Libya, BP, Obama And Terrorist Connection To Gulf
Blue Grass Bulletin ^ | June 28, 2010 | Marcus Carey

Posted on Saturday, November 06, 2010 2:29:50 PM by bronxville

[mewzilla]

Libya-Owned Arab Banking Corp. Drew at Least $5 Billion From Fed in Crisis

At least.

Okaaaaay. I wonder what the real number is?

[maggief]

(blog)

http://newamerica-now.blogspot.com/2011/03/new-libyan-central-bank-other-side-of.html

Wednesday, March 30, 2011
The New Libyan Central Bank-The Other Side of NWO

[mewzilla]

And from July 2010....

Bahrain's Arab Banking Corp Q2 net rises 54 pct

34 mil up from 22 mil year earlier's quarter.

[mewzilla]

Bernie Sanders' 3/31/11 letter to Geithner and Bernanke

[mewzilla]

Libya-Owned Bank Got 73 Loans From Fed Window After Lehman Fell

That's in the 18 months after Lehman fell. I wonder if it got any money in addition after that 18 month period.

[mewzilla]

This is from the IMF, February this year, and I'll just throw it in for the heckuvit...

IMF Executive Board Concludes 2010 Article IV Consultation with the Socialist People’s Libyan Arab Jamahiriya Public Information Notice (PIN) No. 11/23 February 15, 2011

[mewzilla]

And speaking of the IMF, from a few days ago....

Libya holding huge gold reserves IMF data shows

[maggief]

Who are we?
http://www.arabbanking.com/En/Pages/default.aspx

Arab Banking Corporation, popularly known as ABC, is an international Universal bank headquartered in Manama, Kingdom of Bahrain. Our network spreads over 22 countries in the MENA and GCC, Europe, the Americas and Asia.
ABC, founded in 1980, is listed on the Bahrain stock exchange and our major shareholders are the Central Bank of Libya and Kuwait Investment Authority.
ABC is a leader in Trade Finance, Treasury, Project & Structured Finance, Syndications, Corporate & Institutional Banking as well as Islamic Banking. We are also expanding our retail network in the MENA region.

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http://www.freerepublic.com/focus/f-news/2628347/posts

CONNECTION BETWEEN TIMOTHY GEITHNER AND GEORGE SOROS*
Accuracy in Media ^ | 4/19/09 | Cliff Kincaid

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http://www.aim.org/aim-column/the-big-money-behind-geithner/

The Big Money Behind Geithner

By Cliff Kincaid | January 15, 2009

(Note: Group of Thirty link dead)

Blog link:

http://www.conservativecave.com/index.php?topic=27032.0;wap2

[onyx]

I am finally speechless.

[mewzilla]

Thanks for this thread and the links! BTTT.

[maggief]

http://drudgereport.com/

Advertisement

Interest-Rate Increase 'Likely This Year'...


NO JOKE: FOREIGN BANKS TOOK MOST FROM FED; BERNANKE KEPT SECRET

[onyx]

THAT does it.

AUDIT THE FED & FIRE BERNANKE.

[maggief]

http://drudgereport.com

[Toddsterpatriot]

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.

The loans were fully collateralized. And repaid.

[Toddsterpatriot]

That foreign banks were given US taxpayer funds

[sigh] The Fed doesn't use taxpayer funds. Short term (and repaid) loans aren't gifts.

[mewzilla]

Repaid? According to whom? Trust but verify :)

[maggief]

Repaid all secret loans? So, says the Fed???

Audit time.

[Toddsterpatriot]

http://www.federalreserve.gov/releases/h41/current/

Current discount window loans are $11 Million.

Look at primary credit at the above link.