Thursday, March 31, 2011

Libya-Owned Bank Drew at Least $5 Billion From Fed

http://www.bloomberg.com/news/2011-03-31/libya-owned-arab-banking-corp-drew-at-least-5-billion-from-fed-in-crisis.html

That's nice to know that the Fed bailed out a Libyan bank--repeatedly--to the tune of $5 billion.

Predictions of Ben Bernanke being tried for treason don't seem so outrageous after all.  Congratulations to Fed Chairman Bernanke and President Obama for winning Time's Man of the Year award.  So did Adolf Hitler and Joseph Stalin, who had the ignominious achievement of winning it twice.

About that Nobel Peace Prize...

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