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 Margaret Bassett     Permalink
Related Topic(s): ; ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (30 fans)


At www.bloomberg.com

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


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments