The Monetary Control Act of 1980 says that a U.S. branch or agency of a foreign bank that maintains reserves at a Fed bank may receive discount window credit.
Why is this crazy? Fully collateralized short term loans are a joke why exactly?
17 posted on 04/01/2011 7:34:56 AM PDT by Toddsterpatriot
(Math is hard. Harder if you're stupid.)