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News Link • Federal Reserve

Some More Perspectives On The Global Bailout

• Zero Hedge

Recently we presented our extended thoughts on how it was that the Fed first encouraged massive dollar-denominated, underfunding global positions, and subsequently, when funding became scarce, provided unprecedented capital bailouts to foreign Central Banks. The clip below takes the key theme we introduced and presents some of the political and social implications of this new and accepted doctrine of not just domestic, but global moral hazard, shepherded by the Federal Reserve.

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