Why Is the Fed Bailing Out the World … On Our Dime?

by WashingtonsBlog

 

 

Fed Pours Huge Sums Into Foreign Bank Coffers

We noted even before the TARP bailout law was signed into law that bailout moneys could flow to foreign banks.

We were right. A large percentage of the bailouts went to foreign banks (and see this). And so did ahuge portion of the money from quantitative easing. More here and here.

Ron Paul noted in 2011 that essentially 100% of New York Federal Reserve Bank loans went to foreign banks.

A former high-level Federal Reserve official said that the [...]

Euro Crisis’ Winds Can Suddenly Intensify Without Warning – TD Bank

Through a series of partial solutions, European leaders managed to navigate through the debt crisis so far and not get engulfed by its flames, but overall the risk still there that the winds of the crisis can suddenly intensify without any previous warning, says TD Bank in a note.

Read more: http://www.efxnews.com/story/13295/euro-crisis-winds-can-suddenly-intensify-without-warning-td-bank

Bank employees accused of racism for working on MLK Day

Purchase Image

Patrick Brown, executive director of the Greater Burlington Multicultural Resource Center, peeks into the windows of TD Bank in Burlington on Monday during a protest against the bank remaining open on Martin Luther King Day on Monday Jan. 16, 2012. / EMILY McMANAMY, Free Press

After a Martin Luther King Jr. Day observance at Burlington’s City Hall Contois Auditorium Monday, about a dozen demonstrators marched on the TD Bank branch [...]