Relevant:
- Fed Data Shows B of A and Wells Fargo Biggest Borrowers Under Fed's Emergency Lending Program, Foreign Banks also Borrowed Huge Amounts
- Banks trim use of emergency Fed programs
- Fed lending for emergency bank loans rises a bit
- Back to Google News Fed emergency loans decline in most recent week
- Bernanke: “I Don’t Know†Which Foreign Banks Were Given Half a Trillion
2011-06-02 — zerohedge.com
Video of the hearing from yesterday -- an interesting exchange. No huge "gotchas" here -- but the Fed's lawyers don't even try to answer the question of why foreign banks got disproportionately so mcuch in emergency loans from the Fed.
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