Fed Lending to Foreign Banks

With "Mark to Market" accounting rules suspended so our own banks appear solvent, we continue to bail out the rest of the world with the Dollar that we all use to store our own wealth. This is criminal.
Euro Crisis Makes Fed Lender of Only Resort as Funding Ebbs – Bloomberg: www.bloomberg.com/news/2011-09-28/euro-crisis-make….html

New York Fed researchers said U.S. branches of foreign banks were among the biggest borrowers from the discount window because they lack deposit bases.

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