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Friday, May 27, 2011

Secret Fed loans gave billions to overseas banks? You should be outraged!

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak

Snippet of Article: "... “What in the world are we doing thinking we can pass out tens of billions of dollars to banks that are overseas?” said Paul, who has advocated abolishing the Fed. “We have problems here at home with people not being able to pay their mortgages, and they’re losing their homes.” ..."

Reference: www.bloomberg.com

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