Fed Opens Swaps With South Korea, Brazil, Mexico, Singapore

Oct. 30 (Bloomberg) -- The Federal Reserve agreed to provide $30 billion each to the central banks of Brazil, Mexico, South Korea and Singapore, expanding its effort to unfreeze money markets to emerging nations for the first time.

The Fed set up ``liquidity swap facilities with the central banks of these four large systemically important economies'' effective until April 30, the central bank said yesterday in a statement. The arrangements aim ``to mitigate the spread of difficulties in obtaining U.S. dollar funding.''

http://www.bloomberg.com/apps/news?pid=20601087&sid=aViXCrX8Ikms&refer=home

 

The spigot never ends. let them supply their own stupid liquidity.

 

Good Lord, is there anyone that we won't give money to?

Iran, N. Korea maybe?

 

Its seems Ben's Apache helicopter has been mothballed and C-17 Globemaster is now doing the work.... )