Monday, June 13, 2011

Zero Hedge: The Fed’s $600 Billion Stealth Bailout of Foreign Banks Continues at the Expense of the Domestic Economy, or Explaining Where All the QE2 Money Went | The Blaze

Small business keeps taking hit after hit. Folks keep losing home after home. Banks HERE keep collapsing. I'm not naive enough to not know we have a direct connection to the world financially...but how about casting an eye towards home FIRST? If the USA is healthy....so is the world.

Courtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed’s generosity during the peak of the credit crisis were foreign banks, among which Belgium’s Dexia was the most troubled, and thus most lent to, bank."

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