Friday, April 1, 2011

Foreign Banks Tapped Fed's Lifeline Most as Bernanke Kept Borrowers Secret

U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.
Dexia SA (DEXB), based in Brussels and Paris, borrowed as much as $33.5 billion through its New York branch from the Fed’s “discount window” lending program, according to Fed documents released yesterday in response to a Freedom of Information Act request. Dublin-based Depfa Bank Plc, taken over in 2007 by a German real-estate lender later seized by the German government, drew $24.5 billion.
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1 comment:

  1. A foreign observer says:

    Thank you America and the generous American taxpayers for all this foreign aid cash freely given to the banksters of the whole world !

    Even the Central bank of Libya got billions in bailout money not just the English bankers.

    Ben Bernanke is saving the kleptomaniac American system and their partners in the world .

    Such magnificent generosity!

    Too bad its necessary that you yourselves have to have increasing austerity and joblessness to pay for it all.

    But ,I am sure that it is a heavy burden that will happily be carried by the selfless taxpayers and freedom loving people of America in this generation and the next.

    Thanks again for the Big Bucks Ben !

    Shalom and God bless America .


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