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Federal Reserve's Foreign Banks & Rich Housewives Discount Window Pig Trough

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Federal Reserve's Foreign Banks & Rich Housewives Discount Window Pig Trough  Empty Federal Reserve's Foreign Banks & Rich Housewives Discount Window Pig Trough

Post by AlbertCurtis Mon Apr 18, 2011 9:50 pm

The Economic Populist
"It ain't pretty. Foreign Banks got most of the money.

The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed
during the week in October 2008 when use of the program surged to a record. "
http://www.economicpopulist.org/content/federal-reserves-foreign-banks-rich-housewives-discount-window-pig-trough

AlbertCurtis
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