The Hidden Bank Bailouts

The Federal Reserve was shoveling huge amounts of cash to foreign banks in 2008 to try to keep them from collapsing, including a Japanese fishing co-op. The biggest borrower was a French-Belgian bank, which took out over $30 billion. The Federal Reserve says that all of those loans have been repaid with interest.

Yeah. 0.01% is one hell of an interest rate. I think I'll call myself a bank and go borrow from those folks the next time that I want a car loan. They aren't exactly Western Sky, not by a long shot.