WSJ headlines and questions for April 18 2011

WSJ headlines and questions for April 18 2011 - WSJ...

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WSJ headlines and questions for April 18, 2011. WSJ Headline April 1. Fed Kept Taps Open For Banks in Crisis. One of the biggest secrets of the financial crisis was disclosed on March 31 when the Federal Reserve released thousands of documents showing heavy discount-window borrowing by foreign banks, regional U.S. banks, and institutions fighting for survival. At the time of the lending, all parties thought that the lending would be kept secret. The Dodd-Frank law now requires that the future lending be disclosed after a two-year lag. The current disclosure was forced by a lawsuit from several news organizations. Some surprising facts from the disclosures: When discount-window lending peaked at $110 billion on October 29, 2008, European banks Dexia and Depfa were the biggest borrowers, at $26.5 billion and $24.6 billion, respectively. One of the largest emergency loans of $29 billion on October 6, 2008 went to Wachovia Corp., which was reeling under mortgage losses and the subject of a takeover battle
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This note was uploaded on 07/02/2011 for the course FINA 465 taught by Professor Berger during the Spring '11 term at South Carolina.

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WSJ headlines and questions for April 18 2011 - WSJ...

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