[org.whodat]

"This isn’t really news. There is a reason why the Fed lent $600 billion to European central banks – the Fed was making up for collapse of dollar funding from US money market funds. (see graph 6 on p.77)",

Of course I had some fool here claim this did not happen some time ago:

http://www.marketskeptics.com/2009/03/european-banks-desperate-to-avoid.html

[org.whodat]

http://www.marketskeptics.com/2009/03/european-banks-desperate-to-avoid.html

[FromLori]

Of course I had some fool here claim this did not happen some time ago:

I have encountered that same fool! And then he told me we will lost nothing on AIG ahaha.

http://www.economicpolicyjournal.com/2009/11/aig-bailout-not-only-bailed-out-goldman.html

http://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-org