Friday, April 30, 2010
Fed reopening unsecured Forex swap lines with the ECB
Here we go again!!! The Fed is lending unsecured to the ECB to keep libor rates from skyrocketing over there. Where is the outrage??? Where are all the "taxpayer on the hook" morons who scream bloody murder in this country???
There goes my euro short!
We are bailing out Europe and there is not a peep said about it here in the U.S. Our citizens suffer, but any amount of money for Europeans is okay. They have their own central bank, so why are we doing it???