While analyzing the data in the 129MB file provided by Bloomberg I came across the loans that were provided by the FED for both the Libyan and Bahrain
central banks. This caused me to realize that both banks had purchased these toxic asserts sold by AIG and Goldman Sachs as secure funding assets for
long term investment. They of course were not. They were in fact crap investments that should have landed some American and European banks in jail.
Clearly this was a sucker bet and was foisted on the world markets as golden long term earners when they were really dogs. There is no shame for these
fellows.
The numbers are staggering. The more I read on this the more I am convinced that the Fed does not work for the United States interest at all if they
ever did. They work for European banks it seems.