Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   No comments

New York Fed's Secret Choice to Pay for Swaps Hits Taxpayers

Quicklink submitted By       Message Margaret Bassett     Permalink
Related Topic(s): ; ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Author 4629
Become a Fan
  (30 fans)
The New York Fed, one of the 12 regional Reserve Banks that are part of the Federal Reserve System, is unique in that it implements monetary policy through the buying and selling of Treasury securities in the secondary market. It also supervises financial institutions in the New York region. The Fed has loaned more than $2 trillion, yet it refuses to name the recipients of the loans, or cite the amount they borrowed

Read the rest of the story HERE:

At www.bloomberg.com

- Advertisement -
- Advertisement -