pongo Posted April 12, 2011 Share Posted April 12, 2011 This relates to documents released last week by the Fed as the result of a court order. The significance of these revelations is that they show that the crisis was in full swing as early as 2007. The New York Times article is here. If you cannot get to the article because it is behind a pay-wall .... the text is also syndicated including at here. RT has its own special far fetched take on the story - extrapolating that the Mexican drug cartels were basically providing the liquidity which was keeping the banking sector afloat. Link to comment Share on other sites More sharing options...
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