While U.S. was imposing strict sanctions on Libya the fed gave them $$ @ 0.25%
By EvanHunter
@EvanHunter (4026)
United States
November 23, 2011 8:09am CST
http://sanders.senate.gov/newsroom/news/?id=ECE720E4-D5D6-4EFF-937C-DCADA784C3F9
while many businesses were closing up here in the United States the federal reserve felt it was alright to make "at least 46 emergency, low-interest loans to the Arab Banking Corp., in which the Central Bank of Libya owned a 59 percent stake".
I just have to wonder how many members of this bank now sit on the board or are working for the central bank the Al Qaeda rebels set up.
Don't you wish you could get an emergency low interest loan whenever you need it? Further proof that the Federal Reserve is counter productive to this countries own security and interest.
0.25 percent interest rate...God that must be nice! Man I sure would like to get that on my home mortgage. But I guess you have to be involved in over throwing a government to install a corrupt central bank for that to happen...
2 responses
@JenInTN (27514)
• United States
24 Nov 11
I would certainly like to have that for my mortgage too. Rebels certainly seem to be favorites among the government for sure. I read that most rebel groups trying to overthrow their governments have received quite a bit of secret help from "somewhere in the west." Conflict theory..that is what comes to mind when I think of it. It's a way to have someone else "take care of things" without getting publicly involved in the conflict. I had someone the other day tell me that it was a matter of resources and "good relations" that drove these types of choices. The importance of that versus morality was claimed to me for the "greater good." Maybe I'm stupid but I'm not seeing a lot of that greater good stuff in actions such as this.