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Friday, April 1, 2011

Fed Gave Billions in Credit to Libyan Govt-Owned Bank http://news.antiwar.com/2011/03/31/fed-gave-billions-in-credit-to-libyan-govt-owned-bank/

The massive bank bailouts of the last year of the Bush Administration and the first year of the Obama Administration spanned the entire planet. The Federal Reserve, with its tendrils firmly implanted in the world economy, have interests everywhere – even Libya.The data showed $1.1 billion borrowed in 2008, and $4 billion from the Obama Administration’s Fall 2009 bailout plan. The US has imposed sanctions on Libya now, but interestingly enough has not sanctioned the bank, which is still owned chiefly by the Libyan government

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