The Fairbank Report...(如意報告)
**NB: Signed articles represent the opinions of the respective
authors and do not necessarily reflect the views of THE FAIRBANK REPORT/RUYI BAOGAO (如 意 報 告).
03 April 2011
Dumb americans
We learn today that the Federal Reserve Bank has been lending billions and billions of dollars to bail out FOREIGN banks during the putative banking crisis. So American tax-payers, including orphans and widows, have been subsidizing or, in some cases, writing off bad loans of FOREIGN-owned banks!
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