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April fools story

Submitted by Roanman on Tue, 04/05/2011 - 06:41


And the joke is on us.

Click the photo to link up with this Bloomberg story.


Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak
By Bradley Keoun and Craig Torres - Apr 1, 2011 1:53 PM ET



U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.