On November 27, Bloomberg reported Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
Frankfurt (AFP) - Greek banks will reopen Monday after the ECB boosted emergency aid to the crisis-hit country and eurozone nations agreed to crucial short-term funding, boosting hopes ahead of a key bailout vote in Germany.
As noted on Friday, the Greek soap opera, in which Europe pretends to bail out Greece when it is just bailing out its insolvent banks by not touching the status quo, and Greece pretends to reform and comply with austerity reforms when it merely continues to spend as before until the money runs out and the entire act is repeated, is about to enter its third act.