Thursday, December 2, 2010

Now It Can Be Told

When the Credit Crunch sudd'nly impacted them,
The Fed from disaster extracted them;
Now the facts are disclosed
On those banks that imposed
On those programs with odd-sounding acronyms.   

 The Federal Reserve Bank has published the details on those US and international banks and corporations that borrowed under such "lifeline" programs as Term Auction Facility (TAF), Term Securities Lending Facility (TSLF), and Primary Dealer Credit Facility (PDCF).
Posted by Dr. Goose
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