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View Full Version : Fed Handing Out Money to Foreign Banks


kerrin
10-30-2008, 06:59 PM
Gotta' love this brand new mistake:

The Federal Reserve agreed to provide $30 billion each to the central banks of Brazil, Mexico, South Korea and Singapore, expanding its effort to unfreeze money markets to emerging nations for the first time.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aViXCrX8Ikms&refer=home