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View Full Version : No One Says Who Took $586 Billion in Fed Swaps Done in Anonymity - Bloomberg



NewsWhore
12-11-2011, 07:20 PM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGhbXmcy1vXTl8qWEhILpwS3l-lIA&url=http://www.bloomberg.com/news/2011-12-11/no-one-says-who-took-586-billion-in-fed-swaps-done-in-anonymity.html)
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No One Says Who Took $586 Billion in Fed Swaps Done in Anonymity (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGhbXmcy1vXTl8qWEhILpwS3l-lIA&url=http://www.bloomberg.com/news/2011-12-11/no-one-says-who-took-586-billion-in-fed-swaps-done-in-anonymity.html)
Bloomberg
As part of a currency-swap plan active from 2007 to 2010 and revived to fight the European debt crisis, the Fed lends dollars to other central banks, which auction them to local commercial banks. Lending peaked at $586 billion in December 2008. ...

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