View Full Version : Libya owned bank borrowed $5 billion from the Fed Discount Window.
sailingaway
03-31-2011, 07:48 PM
http://thedailybail.squarespace.com/home/libya-owned-bank-borrowed-5-billion-from-fed.html
Zippyjuan
03-31-2011, 08:23 PM
They borrowed "up to $1.1 billion" from the discount window. They apparently did borrow money in other ways too.
The bank, then 29 percent-owned by the Libyan state, drew $1.1 billion from the Fed’s so-called discount window in October 2008, including $450 million during the week when hundreds of financial firms borrowed a record amount of emergency funding from the U.S lending program, according to data released by the Fed today.
sailingaway
03-31-2011, 08:44 PM
Yeah, I guess you are right. I was looking to see if it was discount window and saw the words.
I don't think I can change the heading at this point, but I'll try.
All the same, it sucks that they did this.
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