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Oct 2008:70% of interest free money loaned by Federal Reserve went to Foreign Banks.
Wed, 04/20/2011 - 08:30 — Archon
The Discount Window at the Federal Reserve is a system that allows banks to borrow interest free.
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.
Why would the Federal Reserve be bailing out China, Libya and European banks?
Especialy banks that defrauded taxpayers