fed lending reaches $2 trillion

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aitakahashi

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fed lending reaches $2 trillion

posted on Nov 10, 2008 06:40AM

emergency loans by the fed now exceed $2 trillion, but they won't tell us where they lent the money. this sounds like the recipe for more inflation, not deflation.

Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.