More on latest Fed swap lines
October 30, 2008 at 07:45 AM EDT
[Skip to the end] The Fed is able to unilaterally lend (functionally unsecured) $30 million each to Mexico and Brazil?!?! There are far more sensible ways to restore prosperity. Last figures I saw indicate $522 billion in these loans that have been advanced so far. It’s looking more and more to me like this massive USD lending to foreign [...]
