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Deutsche Bank & Credit Suisse Were the Two Biggest European Megabank Beneficiaries of the FED Bailout... *PIC*

I guess when your Government is the continuation of the Nazi regime going all the way back to the end of WWII -- it's just the logical thing to do...so suck it up & get used to the jackboot on your neck...

Fed Opens Books, Revealing European Megabanks Were Biggest Beneficiaries

[snip]

NEW YORK -- The Federal Reserve on Wednesday reluctantly opened the books on its monumental campaign to save the financial system in the midst of the recent crisis, revealing how it distributed some $3.3 trillion in relief.

The data revealed that the Fed's aid was scattered much more widely than previously understood. Two European megabanks -- Deutsche Bank and Credit Suisse -- were the largest beneficiaries of the Fed's purchase of mortgage-backed securities.

Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.

The data had previously been secret. It was released Wednesday per the recently-enacted law overhauling the federal financial regulation. The Fed, ferociously backed by the Obama administration, fought lawmakers' desire for full disclosure throughout the financial reform debate...

LINK:

http://www.huffingtonpost.com/2010/12/01/fed-opens-books-revealing_n_790529.html

Messages In This Thread

Deutsche Bank & Credit Suisse Were the Two Biggest European Megabank Beneficiaries of the FED Bailout... *PIC*
Wrongly named 'Deutsche' Bank is Jewish-Zionist since been founded, acting globally. Zionist FED opened books of own bookings? WOW! The FED that cheats big time in so-called bailouts? Fan at 666 rpm ? *NM*
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