FT.com / US / Economy & Fed - European banks took big slice of Fed aid

And all they do over there is sniff and criticize....once again, I always say....when they get their asses in trouble....who they gonna call?

Foreign banks were among the biggest beneficiaries of the $3,300bn in emergency credit provided by the Federal Reserve during the crisis, according to new data on the extraordinary efforts of the US authorities to save the global financial system.

The revelation of the scale of overseas lenders’ borrowing underlines the global nature of the turmoil and the crucial role of the Fed as the lender of last resort for the world’s banking sector."