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Jane Burgermeister Report: AUSTRIAN AND GERMAN BANKS AMONG MAIN BENEFICIARIES OF A SECRET FEDERAL RESERVE SCHEME TO TRANSFER WEALTH

AUSTRIAN AND GERMAN BANKS AMONG MAIN BENEFICIARIES OF A SECRET FEDERAL RESERVE SCHEME TO TRANSFER WEALTH

Jane Burgermeister | April 2, 2011 at 2:30 pm | Categories: Uncategorized | URL: http://wp.me/puNtl-1ad

–  Austria’s Erste  bank was the heaviest bank borrower of the Federal Reserve’s discount window during the financial crisis

– Erste was the single biggest bank borrower over the week that Lehman brothers failed, receiving 5.4 billion dollars in low interest loans

- Germany’s Hypo Real Estate and its Irish property vehicle, Depfa, at the centre of the property collapse scam, borrowed tens of millions of dollars on a daily basis well into 2009

– Federal Reserve forced to reveal identities of banks benefitting from its wealth transfer scheme for the first time since privatised in 1914  following a court order on Thursday.

Read more at:

http://www.thenewamerican.com/economy/markets-mainmenu-45/6946-documents-fed-showered-money-on-foreign-banks

“According to news reports about the newly released bailout details, at the peak of Fed discount-window bailouts on October 29, 2008, more than $110 billion was shoveled at banks in a single day. Almost half of that went to just two European banks. Read more of this post

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April 2, 2011 - Posted by | Fighting corruption internationally, Internationally significant information

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