heavenlyboy34
04-09-2011, 12:14 AM
"Complying with a court order (http://www.thenewamerican.com/index.php/economy/economics-mainmenu-44/6792-supreme-court-fed-must-disclose-bailout-details), the Federal Reserve began releasing documents on March 31 related to one of its bailout and wealth-transfer schemes during the financial crisis. And it turns out that among the biggest beneficiaries were foreign firms, including a bank owned by Libyan dictator Moammar Gadhafi's central bank. Some of the foreign banks that were bailed out through the discount window — sometimes to the tune of tens or even hundreds of billions of dollars — include Bank of China, Société Générale of France, Royal Bank of Scotland, Dexia, Erste Group, Arab Banking Corp., Commerzbank, Depfa, Landesbank Baden-Württemberg, Norinchukin Bank, and many more. Countless American banks such as Bank of New York and Morgan Stanley gobbled up bailout money too."
The rest of the article is here (http://www.thenewamerican.com/economy/markets-mainmenu-45/6946-documents-fed-showered-money-on-foreign-banks) Pretty interesting, eh?(Thanks to the Arizona C4L for the info)
The rest of the article is here (http://www.thenewamerican.com/economy/markets-mainmenu-45/6946-documents-fed-showered-money-on-foreign-banks) Pretty interesting, eh?(Thanks to the Arizona C4L for the info)