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IPFS News Link • Economy - Economics USA

Fed's Direct Loans to Banks Climb to Record Level

• Bloomberg
The Federal Reserve's direct loans of cash to commercial banks climbed to the highest level on record in the past week as money-losing lenders increasingly turn to the central bank for funds.

1 Comments in Response to

Comment by Brock
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Direct loans, cash auctions, credit swaps...soon Bernanke's just going to land his helicopter of the roof of the bank and go direct to the teller window with easter baskets full of cash.

I'm opening a bank.