December 2, 2010
U.S. Federal Reserve sent $3.300bn to European banks
Financial TImes piece by Robin Harding, Tom Braithwaite and Francesco Guerrera on the surprising news of how deeply involved the United States government was in emergency funding during the european bank meltdown beginning in 2007:
“We’re talking about huge sums of money going to bail out large foreign banks,” said Bernie Sanders, the independent senator from Vermont. “Has the Federal Reserve of the United States become the central bank of the world?”
Under the Dodd-Frank financial reform act, the Fed on Wednesday detailed more than 21,000 transactions with banks carried out through half a dozen special financing programmes starting in 2007."
Parthenon Temple on the Acropolis of Athens Greece Artwork Wall Decor 5 Pieces Canvas Modern Painting Wall Art Home Decoration for Living Room Pictures HD Printed Framed Ready to hang(60''Wx40''H)
Create Amazon Business Account - save time and money on business purchases with competitive B2B prices and discounts