Re:Federal Reserve secretly bailed out large companies, incl...
by nl on Monday December 13, 2010 @06:45PM
(#2002437)
The HN title needs changing.
The Washington Post title is Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms. Reading the story, it's apparent the Fed lent money to a variety of companies from various countries - presumably to keep markets liquid.
That's very different to a bail out, which implies giving money away.
The Washington Post title is Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms. Reading the story, it's apparent the Fed lent money to a variety of companies from various countries - presumably to keep markets liquid.
That's very different to a bail out, which implies giving money away.