Thursday, December 2, 2010

Want to Know Who Got Money from the Fed in 2008?

. Thursday, December 2, 2010

WSJ has got you covered.

Slate's Annie Lowrey breaks it down, and got this quote which backs up what I've been saying over the past few days:

"We knew the Fed helped foreign companies," Petrou says. "But this speaks to the Fed's credit. In the midst of a global financial crisis, the Fed mustered liquidity support when all of the other central banks were acting slowly. The Fed became the global central bank—and that was a very good call, given that everyone's backs were against the wall."

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Want to Know Who Got Money from the Fed in 2008?
 
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