Posted by WARREN MOSLER on June 26th, 2009
Wonder if they’ve used it?
In my humble opinion lending them $30 billion unsecured is a high risk proposition.
U.S. Federal Reserve Extends Swap Line With Brazil Central Bank
June 25 (Bloomberg) — Brazilâ€™s central bank said today it
has extended an agreement to access up to $30 billion from the
U.S. Federal Reserve as part of a coordinated international
effort to shore up shaky financial markets.