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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Webster Groves who wrote (77699)4/14/2008 5:40:45 PM
From: RealMuLan  Read Replies (1) of 116555
 
Then why doesn't the Fed buy directly from DB? Plus, I think the Fed is the US Fed, while DB is a Germany bank. So why would the Fed use the US tax payers' money to save a foreign bank?

But OTOH, foreign banks paid a lot for the US sub-prime scam and its housing loan scam. So it is fair if the US Fed and tax payers send foreign banks some money.
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