Thanks to the federal reserve, that NON-Governmental body that manages and prints all of our money and who detrermines interest rates for the country you and I had the priveledge of bailing out not only our own banks, but FOREIGN BANKS as well!!!! Of course fed chair Ben Bernake didn't think that we needed to know that at the time.
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. This can also read Bernanke's two-year fight to HIDE the info onthe crisis-squeezed banks..
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. Also on the take were Dexia SA (DEXB), based in Brussels and Paris, which 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.
Thank you Lyndon B. Johnson for the Civil Rights Act And for the FOIA!!!