Federal Reserve Lending Revelations Intensify Criticism Of Central Bank's Secrecy

In the midst of the global financial crisis in 2008, the Federal Reserve lent Goldman Sachs, Credit Suisse and Royal Bank of Scotland at least $30 billion each at interest rates as low as 0.01 percent with no public disclosure of the details, Bloomberg News reported on Thursday. The latest revelations about the covert infusions of credit provided by the Fed to some of the world's largest banks has amplified accusations that the central bank is a power unto ... Full Story »

Posted by Dwight Rousu - via Google Blogsearch (Business), Wil Kristin (t), Salvador Sala (t), Thanh Tran (t)
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Subjects: Politics, Business
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Posted by: Posted by Dwight Rousu - May 26, 2011 - 6:09 PM PDT
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Edited by: Jon Mitchell - May 27, 2011 - 9:50 AM PDT

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Dwight Rousu
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by Dwight Rousu - May. 27, 2011

The latest revelations about the covert infusions of credit provided by the Fed to some of the world’s largest banks has amplified accusations that the central bank ... More »

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  • Fed Gave Banks Crisis Gains on Secretive Loans

    Credit Suisse Group AG , Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending ...
    Posted by Juan Carlos