MONTPELIER, Vt. (AP) — Sen. Bernie Sanders is questioning why the U.S. Federal Reserve provided more than $26 billion in credit to an Arab intermediary for the Central Bank of Libya.


The total includes at least $3.2 billion in loans that the Fed was forced to make public Thursday in addition to earlier revelations under a provision Sanders got included in a Wall Street reform law.

Sanders is questioning why the Libyan-owned bank and two of its branches in New York were exempted from sanctions that the United States this month slapped on other Libyan businesses to pressure Col. Moammar Gadhafi's government.

Sanders is pointing to 46 emergency, low-interest loans to the Arab Banking Corp., in which the Central Bank of Libya owns a 59 percent stake.

Obamanation Hushall Erasethenation gave a pretty handsome gift to the WS fat cats himself.

Thanks to a FOIA request, we are finding out what happened to some of those Fed loans.

This is what we get from the Republican-backed Wall Street crowd.

http://www.necn.com/04/01/11/Sanders-questions-credit-for-Libyan-bank/landing_politics.html?&blockID=3&apID=df8c882159c745b8bd8f777e36132c76

Are you talking about the bank bailout? That was Bush/Paulson. It happened just before the election.