Why Is the Fed Bailing Out the World … On Our Dime?
May 22, 2013
Fed Pours Huge Sums Into Foreign Bank Coffers
We noted even before the TARP bailout law was signed into law that bailout moneys could flow to foreign banks.
We were right. A large percentage of the bailouts went to foreign banks (and see this). And so did a huge portion of the money from quantitative easing. More here and here.
Ron Paul noted in 2011 that essentially 100% of New York Federal Reserve Bank loans went to foreign banks.
A former high-level Federal Reserve official said that the Fed is secretly bailing out Europe.
The Fed has bailed out Gaddafi’s Libyan bank, the Arab Banking Corporation of Bahrain, and the banks of Bavaria, Korea and Mexico … but has shafted normal Americans.