Fed Opens Books, Revealing European Megabanks Were Biggest Beneficiaries.

Filed in economy, gld, Gold, o, obama by on December 1, 2010 0 Comments

Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds. The data had previously been secret. It was released Wednesday per the recently-enacted law overhauling the federal financial regulation. The Fed, ferociously backed by the Obama administration, fought lawmakers’ desire for full disclosure throughout the financial reform debate.

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Fed Opens Books, Revealing European Megabanks Were Biggest Beneficiaries.

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