Fed swap lines finally getting attention
February 02, 2009 at 08:11 AM EST
[Skip to the end] Europe’s Growing Crisis Puts the Fed at Risk by Jack Willoughby Jan 31 (Barrons) — European central banks are at risk of defaulting on their currency swaps with the U.S. Federal Reserve, unless major banks on the Continent can find some way to stabilize their deteriorating balance sheets. TO AID THEIR AILING COMMERCIAL banks, central [...]