Bankruptcy

Bailout Goes World Wide

By J. Michael McBride

In another of those “say what?” moments, here is a report that the Federal Reserve has agreed to make loans (open the window??) to … Brazil, Mexico, South Korea and Singapore. This would be “in exchange” for other countries’ currencies. This is to make the US dollar more available world wide. It is enough to make one’s head spin. Here is a link to one story on this topic: http://www.msnbc.msn.com/id/27441009

Michael

Full post as published by Texas Lawyer Blog on October 29, 2008 (boomark / email).