Archive | April, 2011

Libya Bank got 73 Discount Loans from Fed after Lehman Fell

Posted on 01 April 2011

WTF is going on with our Federal Reserve and common sense?  I guess it went out the door when Obama was elected. The bank, then 29 percent-owned by the Libyan state, had aggregate borrowings in that period of $35 billion — while the largest single loan amount outstanding was $1.2 billion in July 2009, according […]