Euro Crisis Makes Federal Reserve Lender of Only Resort as Funding Ebbs

- Euro Crisis Makes Fed Lender of Only Resort as Funding Ebbs (Bloomberg, Sep. 28, 2011): The Federal Reserve, chastised by Congress for lending money to foreign institutions including a Libyan-owned bank, is once again the lender of last resort for banks around the world it knows little about. Three years after the collapse of [...] continue reading world news